EOG Resources (NYSE:EOG) Price Target Raised to $140.00

EOG Resources (NYSE:EOG) had its price objective boosted by BMO Capital Markets from $120.00 to $140.00 in a research note issued to investors on Tuesday morning,MarketScreener reports. BMO Capital Markets currently has an outperform rating on the energy exploration company’s stock.

Other analysts also recently issued research reports about the stock. Johnson Rice cut their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday, December 5th. Royal Bank Of Canada set a $138.00 price target on EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. Stephens boosted their price objective on EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Zacks Research downgraded EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Finally, UBS Group reiterated a “buy” rating and set a $141.00 price target (down from $144.00) on shares of EOG Resources in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $135.31.

EOG Resources Stock Up 2.6%

NYSE EOG opened at $131.08 on Tuesday. The business has a fifty day moving average price of $113.22 and a 200 day moving average price of $112.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a market cap of $70.32 billion, a P/E ratio of 14.39 and a beta of 0.44. EOG Resources has a one year low of $101.59 and a one year high of $131.90.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.74 earnings per share. Research analysts anticipate that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources’s payout ratio is 44.79%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 7,774 shares of company stock valued at $945,895 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new position in EOG Resources during the 2nd quarter worth about $258,000. Hantz Financial Services Inc. lifted its position in shares of EOG Resources by 16.5% during the second quarter. Hantz Financial Services Inc. now owns 930 shares of the energy exploration company’s stock worth $111,000 after purchasing an additional 132 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of EOG Resources by 9.0% in the second quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,710 shares of the energy exploration company’s stock valued at $207,000 after purchasing an additional 141 shares during the period. Intellectus Partners LLC acquired a new position in shares of EOG Resources in the second quarter valued at approximately $732,000. Finally, Westside Investment Management Inc. increased its stake in EOG Resources by 9.9% during the 2nd quarter. Westside Investment Management Inc. now owns 2,505 shares of the energy exploration company’s stock worth $301,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Key Headlines Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Analyst price-target upgrade to $149 and an analyst upgrade pushed EOG to a new 1‑year high; signals bullish analyst sentiment and helped buying interest. Price Target Raised to $149
• Positive Sentiment: Separate report notes EOG hit a new 1‑year high after an analyst upgrade, reinforcing momentum from fresh buy-side notes. Hits New 1-Year High After Analyst Upgrade
• Positive Sentiment: Zacks upgraded EOG from “strong sell” to “hold,” removing a downside rating and potentially supporting demand from income/value-focused investors. Zacks Upgrade
• Positive Sentiment: MarketBeat and filings point out EOG’s recent earnings beat and announced quarterly dividend (annualized ~$4.08, ~3.1% yield) — fundamentals and yield can attract income and value investors. MarketBeat Coverage
• Neutral Sentiment: Discussion about whether EOG is underperforming the Dow is getting coverage; market-breadth and sector moves, not necessarily company-specific news, may influence intraday moves. Is EOG Underperforming the Dow?
• Negative Sentiment: Piper Sandler raised its price target modestly to $127 but kept a “neutral” rating — the PT sits below the current market price, implying limited upside from that shop and potentially capping short‑term enthusiasm. Piper Sandler Price Target Raise
• Negative Sentiment: Insider selling: COO Jeffrey Leitzell disclosed multiple sales (1,774 and 2,000 shares across early March) — sizable insider sales can be perceived negatively even if they may be for diversification or tax reasons. Insider Selling

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.