Sanford C. Bernstein Cuts EOG Resources (NYSE:EOG) Price Target to $144.00

EOG Resources (NYSE:EOG) had its target price decreased by Sanford C. Bernstein from $146.00 to $144.00 in a research report report published on Friday morning,MarketScreener reports. Sanford C. Bernstein currently has a market perform rating on the energy exploration company’s stock.

A number of other research firms have also recently commented on EOG. Royal Bank Of Canada upped their price target on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Wells Fargo & Company lowered their target price on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Melius Research began coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. KeyCorp lowered their target price on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.33.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $106.98 on Friday. EOG Resources has a 1 year low of $102.52 and a 1 year high of $138.18. The firm has a market capitalization of $58.05 billion, a PE ratio of 10.40, a P/E/G ratio of 8.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The business’s 50 day moving average price is $109.93 and its 200-day moving average price is $115.42.

EOG Resources (NYSE:EOG) last released its quarterly earnings data 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. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. EOG Resources’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources will post 11.47 earnings per share for the current fiscal 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 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 yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently added to or reduced their stakes in the company. Oak Thistle LLC bought a new stake in shares of EOG Resources in the 1st quarter worth approximately $403,000. AE Wealth Management LLC grew its stake in shares of EOG Resources by 96.3% in the 1st quarter. AE Wealth Management LLC now owns 4,204 shares of the energy exploration company’s stock worth $539,000 after purchasing an additional 2,062 shares during the last quarter. Advisor OS LLC grew its position in EOG Resources by 3.7% in the first quarter. Advisor OS LLC now owns 2,853 shares of the energy exploration company’s stock worth $366,000 after buying an additional 102 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of EOG Resources by 2.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 78,125 shares of the energy exploration company’s stock worth $10,019,000 after acquiring an additional 1,685 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in EOG Resources by 19.1% during the 1st quarter. Cetera Investment Advisers now owns 130,249 shares of the energy exploration company’s stock worth $16,703,000 after buying an additional 20,903 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.