KeyCorp Cuts EOG Resources (NYSE:EOG) Price Target to $140.00

EOG Resources (NYSE:EOG - Free Report) had its target price lowered by KeyCorp from $150.00 to $140.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the energy exploration company's stock. KeyCorp also issued estimates for EOG Resources' Q1 2025 earnings at $2.58 EPS, Q2 2025 earnings at $2.19 EPS, Q3 2025 earnings at $2.29 EPS, Q4 2025 earnings at $2.36 EPS, FY2025 earnings at $9.43 EPS, Q1 2026 earnings at $2.60 EPS, Q2 2026 earnings at $2.46 EPS, Q3 2026 earnings at $2.55 EPS, Q4 2026 earnings at $2.72 EPS and FY2026 earnings at $10.33 EPS.

A number of other equities analysts also recently issued reports on EOG. Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Piper Sandler dropped their target price on EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Citigroup cut their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Wells Fargo & Company lowered their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Finally, StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of "Hold" and a consensus price target of $141.25.

EOG Resources Stock Down 0.3 %

Shares of EOG Resources stock traded down $0.39 on Monday, reaching $113.07. The company's stock had a trading volume of 2,093,424 shares, compared to its average volume of 3,238,478. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a market capitalization of $62.36 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 3.58 and a beta of 0.93. The firm's fifty day simple moving average is $120.51 and its two-hundred day simple moving average is $125.77.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. Equities analysts anticipate that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is currently 34.73%.

Insider Buying and Selling

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

Institutional Investors Weigh In On EOG Resources

Several large investors have recently made changes to their positions in EOG. Alta Advisers Ltd grew its holdings in EOG Resources by 49.2% during the 1st quarter. Alta Advisers Ltd now owns 2,731 shares of the energy exploration company's stock valued at $350,000 after buying an additional 900 shares in the last quarter. Advisors Management Group Inc. ADV boosted its position in shares of EOG Resources by 6.9% during the 1st quarter. Advisors Management Group Inc. ADV now owns 4,537 shares of the energy exploration company's stock valued at $582,000 after acquiring an additional 292 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of EOG Resources by 4.7% in the first quarter. Koshinski Asset Management Inc. now owns 5,111 shares of the energy exploration company's stock valued at $655,000 after purchasing an additional 231 shares in the last quarter. Westside Investment Management Inc. lifted its position in EOG Resources by 23.9% during the first quarter. Westside Investment Management Inc. now owns 2,280 shares of the energy exploration company's stock valued at $293,000 after purchasing an additional 440 shares during the last quarter. Finally, Insight Inv LLC increased its stake in EOG Resources by 7.5% during the first quarter. Insight Inv LLC now owns 10,563 shares of the energy exploration company's stock worth $1,355,000 after acquiring an additional 737 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

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.