Piper Sandler Cuts EOG Resources (NYSE:EOG) Price Target to $133.00

EOG Resources (NYSE:EOG - Free Report) had its price target decreased by Piper Sandler from $135.00 to $133.00 in a research note released on Tuesday morning, MarketBeat reports. Piper Sandler currently has a neutral rating on the energy exploration company's stock.

Several other research firms have also recently commented on EOG. Mizuho restated a "neutral" rating and issued a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Benchmark reissued a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Wells Fargo & Company cut their target price on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Citigroup decreased their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Williams Trading set a $154.00 price objective on shares of EOG Resources in a research note on Wednesday, March 5th. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $141.25.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $0.19 during trading on Tuesday, reaching $113.27. 397,610 shares of the company's stock traded hands, compared to its average volume of 3,657,935. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a 50 day moving average of $120.87 and a 200-day moving average of $125.89. EOG Resources has a 12 month low of $102.52 and a 12 month high of $138.18. The stock has a market capitalization of $62.47 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.

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

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.44%. EOG Resources's dividend payout ratio (DPR) is presently 34.73%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On EOG Resources

Large investors have recently made changes to their positions in the business. Westside Investment Management Inc. boosted its stake in shares of EOG Resources by 15.7% during the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company's stock valued at $226,000 after buying an additional 250 shares during the period. Chelsea Counsel Co. boosted its position in EOG Resources by 2.0% during the third quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company's stock valued at $641,000 after purchasing an additional 100 shares during the last quarter. World Investment Advisors LLC purchased a new position in EOG Resources in the third quarter valued at about $730,000. Wilmington Savings Fund Society FSB increased its position in EOG Resources by 26.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company's stock worth $8,822,000 after purchasing an additional 15,186 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of EOG Resources by 4.7% during the 3rd quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company's stock valued at $7,227,000 after buying an additional 2,634 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

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.