EOG Resources (NYSE:EOG) Given New $140.00 Price Target at UBS Group

EOG Resources (NYSE:EOG - Free Report) had its price target boosted by UBS Group from $135.00 to $140.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the energy exploration company's stock.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Barclays boosted their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday. KeyCorp decreased their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. 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. Finally, Mizuho dropped their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, EOG Resources has an average rating of "Moderate Buy" and an average target price of $139.58.

EOG Resources Stock Performance

EOG Resources stock traded down $1.93 during mid-day trading on Tuesday, reaching $110.89. The company's stock had a trading volume of 3,333,912 shares, compared to its average volume of 3,279,205. The firm's fifty day moving average price is $112.48 and its two-hundred day moving average price is $122.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a market capitalization of $60.52 billion, a P/E ratio of 8.93, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 earnings per share. Sell-side analysts predict that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.68%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction dated 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 $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. CENTRAL TRUST Co boosted its stake in shares of EOG Resources by 13.5% in the 4th quarter. CENTRAL TRUST Co now owns 12,055 shares of the energy exploration company's stock worth $1,478,000 after buying an additional 1,431 shares during the last quarter. Chicago Capital LLC lifted its holdings in EOG Resources by 6.0% in the fourth quarter. Chicago Capital LLC now owns 1,760 shares of the energy exploration company's stock valued at $216,000 after acquiring an additional 100 shares during the period. Catalina Capital Group LLC boosted its position in EOG Resources by 7.9% in the fourth quarter. Catalina Capital Group LLC now owns 3,317 shares of the energy exploration company's stock worth $407,000 after purchasing an additional 243 shares during the last quarter. Financial Life Planners bought a new stake in shares of EOG Resources during the 4th quarter valued at about $25,000. Finally, Fourpath Capital Management LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at about $486,000. Institutional investors 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.