EOG Resources (NYSE:EOG) Reaches New 1-Year High at $136.91

EOG Resources, Inc. (NYSE:EOG)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $136.91 and last traded at $136.62, with a volume of 167672 shares trading hands. The stock had previously closed at $135.45.

Analyst Ratings Changes

EOG has been the topic of several recent analyst reports. Barclays initiated coverage on EOG Resources in a report on Wednesday. They set an “equal weight” rating and a $144.00 price objective on the stock. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $147.00 to $140.00 in a research note on Friday, January 5th. Stifel Nicolaus cut their target price on EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Susquehanna cut their target price on EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. Finally, Raymond James cut their target price on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.29.

EOG Resources Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm has a market capitalization of $79.35 billion, a price-to-earnings ratio of 10.60 and a beta of 1.40. The business has a fifty day moving average of $120.37 and a two-hundred day moving average of $121.70.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.30 earnings per share. As a group, research analysts predict that EOG Resources, Inc. will post 11.85 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is presently 27.98%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EOG. Fortis Capital Advisors LLC acquired a new position in EOG Resources in the 4th quarter valued at $28,000. Lumature Wealth Partners LLC acquired a new position in EOG Resources in the 1st quarter valued at $28,000. McIlrath & Eck LLC grew its holdings in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares in the last quarter. Peoples Bank KS acquired a new position in EOG Resources in the 3rd quarter valued at $31,000. Finally, Exchange Traded Concepts LLC grew its holdings in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 212 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.