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

EOG Resources (NYSE:EOG - Free Report) had its target price reduced by KeyCorp from $150.00 to $140.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the energy exploration company's stock. KeyCorp also issued estimates for EOG Resources' Q1 2025 earnings at $2.58 EPS, Q2 2025 earnings at $2.19 EPS, Q3 2025 earnings at $2.29 EPS, Q4 2025 earnings at $2.36 EPS, FY2025 earnings at $9.43 EPS, Q1 2026 earnings at $2.60 EPS, Q2 2026 earnings at $2.46 EPS, Q3 2026 earnings at $2.55 EPS, Q4 2026 earnings at $2.72 EPS and FY2026 earnings at $10.33 EPS.

Several other equities research analysts have also commented on EOG. StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Wolfe Research raised shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Finally, 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. Twelve investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $141.25.

EOG Resources Trading Down 0.3 %

Shares of EOG Resources stock traded down $0.39 during midday trading on Monday, reaching $113.07. The company had a trading volume of 2,093,424 shares, compared to its average volume of 3,232,889. The stock has a fifty day moving average price of $120.51 and a 200 day moving average price of $125.77. EOG Resources has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm has a market cap of $62.36 billion, a PE ratio of 9.10, a P/E/G ratio of 3.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio is presently 34.73%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of EOG Resources

Several large investors have recently modified their holdings of the business. Financial Life Planners purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd increased its holdings 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 position in shares of EOG Resources in the 4th quarter worth about $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources during the 4th quarter valued at about $27,000. 89.91% of the stock is owned by institutional investors.

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.