Stifel Nicolaus Cuts EOG Resources (NYSE:EOG) Price Target to $150.00

EOG Resources (NYSE:EOG - Free Report) had its price target reduced by Stifel Nicolaus from $153.00 to $150.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the energy exploration company's stock.

Several other equities research analysts have also recently commented on the company. KeyCorp boosted their price target on EOG Resources from $147.00 to $157.00 and gave the company an overweight rating in a research note on Monday. Morgan Stanley upped their target price on EOG Resources from $132.00 to $133.00 and gave the stock an equal weight rating in a research report on Monday, April 15th. Bank of America cut EOG Resources from a buy rating to a neutral rating and decreased their target price for the stock from $147.00 to $140.00 in a research report on Friday, January 5th. Raymond James decreased their target price on EOG Resources from $148.00 to $145.00 and set a strong-buy rating for the company in a research report on Wednesday, January 24th. Finally, Susquehanna upped their target price on EOG Resources from $147.00 to $155.00 and gave the stock a positive rating in a research report on Monday. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $142.19.

EOG Resources Stock Up 0.7 %

NYSE:EOG traded up $0.90 on Tuesday, hitting $134.80. 2,055,284 shares of the company's stock traded hands, compared to its average volume of 3,393,632. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources has a 1 year low of $106.32 and a 1 year high of $139.67. The firm has a 50-day moving average price of $123.87 and a 200-day moving average price of $122.16. The company has a market cap of $77.54 billion, a PE ratio of 10.38 and a beta of 1.40.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company's quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.30 EPS. Equities analysts anticipate that EOG Resources will post 12.07 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 given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources's dividend payout ratio is currently 27.98%.

Institutional Investors Weigh In On EOG Resources

Hedge funds have recently modified their holdings of the business. McIlrath & Eck LLC raised its position in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company's stock worth $30,000 after purchasing an additional 104 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company's stock worth $30,000 after acquiring an additional 212 shares during the period. Peoples Bank KS bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $31,000. Sachetta LLC bought a new position in shares of EOG Resources during the 4th quarter worth approximately $33,000. Finally, Hall Laurie J Trustee bought a new position in shares of EOG Resources during the 4th quarter worth approximately $36,000. 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.