Brokerages Set EOG Resources, Inc. (NYSE:EOG) PT at $141.20

Shares of EOG Resources, Inc. (NYSE:EOG - Get Free Report) have received a consensus recommendation of "Hold" from the twenty-two research firms that are currently covering the company, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $141.20.

EOG has been the topic of a number of analyst reports. Susquehanna reduced their price objective on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Sanford C. Bernstein cut their target price on EOG Resources from $139.00 to $125.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 17th. Wolfe Research started coverage on EOG Resources in a report on Thursday, July 18th. They issued a "peer perform" rating for the company. Finally, Evercore ISI cut their price objective on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Monday, September 30th.

EOG Resources Price Performance

Shares of NYSE EOG opened at $125.07 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The company has a market cap of $71.88 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. The stock's 50-day moving average is $126.16 and its two-hundred day moving average is $126.93. EOG Resources has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same period in the prior year, the firm earned $2.49 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. Analysts forecast that EOG Resources will post 11.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources's dividend payout ratio is presently 28.75%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company's stock, valued at $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company's stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On EOG Resources

A number of large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC increased its position in EOG Resources by 79.3% during the first quarter. Los Angeles Capital Management LLC now owns 5,436 shares of the energy exploration company's stock worth $695,000 after buying an additional 2,405 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of EOG Resources by 30.6% during the first quarter. Gateway Investment Advisers LLC now owns 14,898 shares of the energy exploration company's stock worth $1,905,000 after buying an additional 3,495 shares in the last quarter. GoalVest Advisory LLC raised its position in shares of EOG Resources by 135.4% in the first quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company's stock valued at $39,000 after buying an additional 176 shares during the last quarter. G&S Capital LLC lifted its stake in shares of EOG Resources by 2.2% during the first quarter. G&S Capital LLC now owns 4,673 shares of the energy exploration company's stock valued at $597,000 after buying an additional 102 shares during the period. Finally, Aspiriant LLC grew its stake in EOG Resources by 6.9% in the 1st quarter. Aspiriant LLC now owns 1,868 shares of the energy exploration company's stock worth $239,000 after acquiring an additional 120 shares during the period. 89.91% of the stock is 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.