EOG Resources, Inc. (NYSE:EOG - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $136.91 and last traded at $136.62, with a volume of 167672 shares traded. The stock had previously closed at $135.45.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Truist Financial decreased their price objective on EOG Resources from $165.00 to $163.00 and set a "buy" rating for the company in a report on Friday. JPMorgan Chase & Co. boosted their price target on EOG Resources from $134.00 to $141.00 and gave the stock a "neutral" rating in a research note on Thursday, March 28th. UBS Group dropped their price target on EOG Resources from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, December 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $145.00 target price on shares of EOG Resources in a research report on Tuesday. Finally, Piper Sandler dropped their target price on EOG Resources from $153.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, March 7th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.10.
Get Our Latest Stock Analysis on EOG Resources
EOG Resources Trading Up 1.2 %
The company has a 50 day moving average of $119.48 and a 200 day moving average of $121.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The stock has a market capitalization of $78.83 billion, a price-to-earnings ratio of 10.50 and a beta of 1.40.
EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.30 earnings per share. On average, research analysts predict that EOG Resources, Inc. will post 11.85 EPS for the current fiscal year.
EOG Resources Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources's dividend payout ratio is presently 27.98%.
Hedge Funds Weigh In On EOG Resources
Hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. acquired a new position in EOG Resources during the 3rd quarter worth about $4,431,000. Paradigm Financial Partners LLC lifted its stake in EOG Resources by 0.9% during the 3rd quarter. Paradigm Financial Partners LLC now owns 30,004 shares of the energy exploration company's stock worth $3,728,000 after acquiring an additional 271 shares in the last quarter. TIAA Trust National Association lifted its stake in EOG Resources by 639.3% during the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company's stock worth $6,971,000 after acquiring an additional 49,840 shares in the last quarter. L. Roy Papp & Associates LLP lifted its stake in EOG Resources by 18.3% during the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company's stock worth $20,362,000 after acquiring an additional 26,026 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in EOG Resources by 12.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company's stock worth $370,717,000 after acquiring an additional 340,902 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
EOG Resources Company Profile
(
Get Free Report)
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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