EOG Resources (NYSE:EOG) Price Target Cut to $135.00 by Analysts at Piper Sandler

EOG Resources (NYSE:EOG - Free Report) had its price target lowered by Piper Sandler from $141.00 to $135.00 in a research report released on Thursday, Marketbeat reports. The brokerage currently has a neutral rating on the energy exploration company's stock.

EOG has been the subject of several other research reports. Benchmark restated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Wells Fargo & Company upgraded EOG Resources from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Barclays dropped their target price on EOG Resources from $148.00 to $146.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Truist Financial increased their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $146.19.

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EOG Resources Stock Up 0.5 %

EOG stock traded up $0.57 during trading hours on Thursday, reaching $125.83. 3,172,701 shares of the stock were exchanged, compared to its average volume of 3,004,834. The firm's 50-day moving average is $129.50 and its 200-day moving average is $127.74. EOG Resources has a 12 month low of $115.78 and a 12 month high of $139.67. The company has a market cap of $69.70 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 3.58 and a beta of 1.25. 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 announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $5.96 billion. On average, equities research analysts expect that EOG Resources will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid 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 3.10%. EOG Resources's dividend payout ratio is presently 34.73%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Financial Life Planners acquired a new position in EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd lifted its holdings in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the 4th quarter valued at $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.