Jefferies Financial Group Increases EOG Resources (NYSE:EOG) Price Target to $148.00

EOG Resources (NYSE:EOG - Free Report) had its target price boosted by Jefferies Financial Group from $144.00 to $148.00 in a research report released on Friday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the energy exploration company's stock.

Several other research analysts have also weighed in on EOG. Morgan Stanley set a $135.00 target price on shares of EOG Resources and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. KeyCorp lowered their price objective on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Barclays raised their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their price objective for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Finally, Wall Street Zen lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.00.

EOG Resources Trading Up 4.1%

EOG stock traded up $4.93 during mid-day trading on Friday, hitting $125.52. 7,913,403 shares of the company were exchanged, compared to its average volume of 3,327,264. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $68.50 billion, a P/E ratio of 10.11, a PEG ratio of 3.58 and a beta of 0.74. The business has a fifty day simple moving average of $111.58 and a 200-day simple moving average of $121.95. EOG Resources has a 12-month low of $102.52 and a 12-month high of $138.18.

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

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.25%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $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 can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of EOG Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mountain Lake Investment Management LLC acquired a new stake in EOG Resources during the fourth quarter worth approximately $735,000. Silvercrest Asset Management Group LLC raised its holdings in EOG Resources by 14.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock worth $101,256,000 after purchasing an additional 106,677 shares in the last quarter. Marble Harbor Investment Counsel LLC raised its holdings in EOG Resources by 3.2% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock worth $12,630,000 after purchasing an additional 3,150 shares in the last quarter. Northside Capital Management LLC acquired a new stake in EOG Resources during the first quarter worth approximately $27,102,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after purchasing an additional 781,282 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

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.