EOG Resources, Inc. (NYSE:EOG) Given Average Rating of "Moderate Buy" by Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nineteen research firms that are presently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $140.95.

EOG has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Barclays reduced their target price on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Piper Sandler dropped their price target on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Raymond James reissued a "strong-buy" rating and set a $140.00 price objective on shares of EOG Resources in a research report on Monday, April 21st. Finally, Citigroup dropped their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

Institutional Trading of EOG Resources

Several hedge funds have recently made changes to their positions in EOG. Financial Life Planners bought a new stake in shares of EOG Resources in the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd boosted its stake in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in EOG Resources during the fourth quarter valued at $25,000. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources in the first quarter valued at $26,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth about $27,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG opened at $111.13 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources has a 1 year low of $102.52 and a 1 year high of $138.18. The stock's 50 day simple moving average is $116.68 and its 200 day simple moving average is $124.53. The firm has a market cap of $60.65 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 earnings per share. As a group, analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.51%. EOG Resources's payout ratio is 36.18%.

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.

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