EOG Resources, Inc. (NYSE:EOG) Receives $139.58 Consensus PT from Analysts

Shares of EOG Resources, Inc. (NYSE:EOG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nineteen analysts that are presently covering the stock, MarketBeat 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $139.58.

A number of equities analysts recently issued reports on the company. Raymond James raised their target price on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research note on Monday, June 2nd. Wall Street Zen downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the company an "equal weight" rating in a report on Monday, June 2nd. Piper Sandler dropped their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Williams Trading set a $154.00 price objective on shares of EOG Resources in a report on Wednesday, March 5th.

EOG Resources Stock Up 2.6%

Shares of EOG traded up $2.90 during trading hours on Thursday, hitting $113.93. The company had a trading volume of 3,055,891 shares, compared to its average volume of 3,278,128. EOG Resources has a one year low of $102.52 and a one year high of $138.18. The company's fifty day moving average price is $111.51 and its two-hundred day moving average price is $122.23. The company has a market capitalization of $62.18 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.58%. EOG Resources's dividend payout ratio is 36.18%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's 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 directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EOG Resources

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in EOG Resources by 0.7% during the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company's stock worth $6,922,633,000 after acquiring an additional 348,895 shares during the period. Capital World Investors raised its position in EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after acquiring an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock worth $2,485,402,000 after acquiring an additional 1,188,552 shares during the period. Geode Capital Management LLC raised its position in EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock worth $1,541,282,000 after acquiring an additional 234,067 shares during the period. Finally, Northern Trust Corp raised its position in EOG Resources by 6.3% during the first quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company's stock worth $779,433,000 after acquiring an additional 358,916 shares during the period. 89.91% of the stock is currently 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.