Wolfe Research Cuts EOG Resources (NYSE:EOG) Price Target to $134.00

EOG Resources (NYSE:EOG) had its target price reduced by Wolfe Research from $138.00 to $134.00 in a report issued on Monday morning,MarketScreener reports. They currently have an outperform rating on the energy exploration company’s stock.

Several other research analysts have also weighed in on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 target price (down previously from $144.00) on shares of EOG Resources in a research note on Monday. Siebert Williams Shank dropped their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Barclays set a $136.00 target price on EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. BMO Capital Markets dropped their target price on EOG Resources from $130.00 to $126.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, Johnson Rice cut their price target on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $138.14.

EOG Resources Trading Down 2.3%

Shares of EOG Resources stock opened at $102.56 on Monday. The stock has a 50 day moving average of $106.66 and a 200 day moving average of $113.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The firm has a market capitalization of $55.65 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 8.23 and a beta of 0.49. EOG Resources has a fifty-two week low of $101.59 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.89 earnings per share. As a group, research analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 4.0%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the transaction, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently bought and sold shares of EOG. Cullen Capital Management LLC boosted its stake in shares of EOG Resources by 4.7% during the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares during the period. Kiker Wealth Management LLC acquired a new position in EOG Resources in the 2nd quarter valued at about $627,000. Railway Pension Investments Ltd raised its stake in EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after acquiring an additional 28,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in EOG Resources by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after acquiring an additional 5,156 shares during the period. Finally, River Road Asset Management LLC lifted its position in EOG Resources by 15.2% during the 2nd quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock worth $9,107,000 after acquiring an additional 9,999 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.