Roth Mkm Cuts EOG Resources (NYSE:EOG) Price Target to $108.00

EOG Resources (NYSE:EOG) had its target price reduced by Roth Mkm from $114.00 to $108.00 in a report published on Friday morning,MarketScreener reports. Roth Mkm currently has a neutral rating on the energy exploration company’s stock.

EOG has been the subject of a number of other reports. Capital One Financial reduced their price objective on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group set a $140.00 target price on EOG Resources in a research note on Wednesday, January 14th. Piper Sandler reduced their target price on EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Evercore ISI increased their price target on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Wolfe Research cut their price objective on EOG Resources from $138.00 to $134.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $134.67.

EOG Resources Stock Up 1.8%

EOG Resources stock opened at $108.26 on Friday. The firm has a market cap of $58.74 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 9.00 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources has a 52-week low of $101.59 and a 52-week high of $135.87. The firm has a 50 day moving average price of $106.68 and a two-hundred day moving average price of $112.08.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $2.89 EPS. Equities analysts predict that EOG Resources will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. EOG Resources’s payout ratio is 40.64%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of EOG. Caitong International Asset Management Co. Ltd grew its position in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in EOG Resources during the 2nd quarter worth about $29,000. JCIC Asset Management Inc. bought a new position in EOG Resources in the 3rd quarter worth about $32,000. Olistico Wealth LLC purchased a new position in EOG Resources during the 4th quarter valued at about $33,000. Finally, ORG Partners LLC grew its holdings in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

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.