EOG Resources, Inc. (NYSE:EOG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of EOG Resources, Inc. (NYSE:EOG) have received a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $144.19.

EOG has been the topic of several analyst reports. Truist Financial increased their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Piper Sandler decreased their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Williams Trading set a $154.00 price target on shares of EOG Resources in a report on Wednesday, March 5th. Mizuho reissued a “neutral” rating and issued a $140.00 price objective (down from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. decreased their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’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 value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

A number of institutional investors have recently bought and sold shares of the company. Financial Life Planners acquired a new stake in EOG Resources during the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd increased its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources in the fourth quarter valued at $27,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE:EOG opened at $107.47 on Wednesday. EOG Resources has a 52 week low of $102.52 and a 52 week 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 firm’s 50-day simple moving average is $123.50 and its 200 day simple moving average is $126.78. The firm has a market cap of $59.28 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. As a group, sell-side analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.63%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

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.