EOG Resources, Inc. (NYSE:EOG) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of EOG Resources, Inc. (NYSE:EOG - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $144.19.

A number of research analysts recently weighed in on EOG shares. Benchmark restated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Citigroup decreased their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Wells Fargo & Company decreased their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. decreased their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the stock from $150.00 to $130.00 in a research note on Friday, April 11th.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Institutional Trading of EOG Resources

Several large investors have recently bought and sold shares of EOG. Financial Life Planners acquired a new stake in EOG Resources during the 4th quarter valued at $25,000. Y.D. More Investments Ltd grew its stake in shares of EOG Resources by 149.4% during the fourth 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 purchased a new stake in shares of EOG Resources during the fourth quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Up 2.1 %

Shares of EOG Resources stock traded up $2.29 on Wednesday, reaching $110.53. The company had a trading volume of 5,905,407 shares, compared to its average volume of 3,230,400. 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 has a market cap of $60.96 billion, a PE ratio of 8.90, a PEG ratio of 3.58 and a beta of 0.93. The firm's 50 day moving average price is $122.29 and its two-hundred day moving average price is $126.45. EOG Resources has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Sell-side analysts predict that EOG Resources will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.53%. EOG Resources's dividend payout ratio (DPR) is 34.73%.

About EOG Resources

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.