EOG Resources (NYSE:EOG) Price Target Raised to $140.00 at Barclays

EOG Resources (NYSE:EOG - Free Report) had its price objective boosted by Barclays from $137.00 to $140.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the energy exploration company's stock.

A number of other brokerages have also recently commented on EOG. Williams Trading set a $154.00 target price on EOG Resources in a report on Wednesday, March 5th. Piper Sandler reduced their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley raised their price objective on EOG Resources from $132.00 to $135.00 and gave the company an "equal weight" rating in a research note on Monday. Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Mizuho reduced their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $139.58.

EOG Resources Stock Up 1.3%

EOG traded up $1.49 on Monday, hitting $112.83. The company had a trading volume of 3,279,197 shares, compared to its average volume of 3,283,855. The stock has a fifty day moving average price of $112.76 and a 200-day moving average price of $122.89. EOG Resources has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $61.58 billion, a price-to-earnings ratio of 9.08, a P/E/G 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, beating analysts' consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 earnings per share. Analysts predict that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm 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. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is 36.18%.

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 stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of EOG Resources

Several hedge funds have recently made changes to their positions in the company. Modern Wealth Management LLC bought a new stake in shares of EOG Resources in the first quarter valued at $229,000. Strs Ohio bought a new stake in shares of EOG Resources in the first quarter valued at $17,408,000. Ellsworth Advisors LLC grew its position in shares of EOG Resources by 1.2% in the first quarter. Ellsworth Advisors LLC now owns 13,829 shares of the energy exploration company's stock valued at $1,773,000 after purchasing an additional 164 shares in the last quarter. Indiana Trust & Investment Management Co grew its position in shares of EOG Resources by 56.2% in the first quarter. Indiana Trust & Investment Management Co now owns 417 shares of the energy exploration company's stock valued at $53,000 after purchasing an additional 150 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of EOG Resources by 7.9% in the first quarter. Geneos Wealth Management Inc. now owns 33,020 shares of the energy exploration company's stock valued at $4,234,000 after purchasing an additional 2,428 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Company Profile

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.