EOG Resources (NYSE:EOG) PT Lowered to $150.00 at Scotiabank

EOG Resources (NYSE:EOG - Free Report) had its price objective lowered by Scotiabank from $155.00 to $150.00 in a report released on Friday, Benzinga reports. The firm currently has a sector perform rating on the energy exploration company's stock.

Several other research firms have also recently commented on EOG. Mizuho raised their target price on EOG Resources from $140.00 to $156.00 and gave the stock a buy rating in a research note on Monday, May 13th. Truist Financial lowered EOG Resources from a buy rating to a hold rating and cut their price target for the stock from $163.00 to $136.00 in a report on Thursday, May 16th. StockNews.com upgraded EOG Resources from a hold rating to a buy rating in a report on Thursday, May 9th. Morgan Stanley increased their price target on EOG Resources from $132.00 to $133.00 and gave the stock an equal weight rating in a report on Monday, April 15th. Finally, TD Cowen increased their price target on EOG Resources from $130.00 to $144.00 and gave the stock a hold rating in a report on Tuesday, April 30th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $144.55.

EOG Resources Trading Up 0.6 %

NYSE EOG traded up $0.72 on Friday, reaching $128.89. The company had a trading volume of 2,032,077 shares, compared to its average volume of 3,227,649. The firm has a market cap of $74.07 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.75 and a beta of 1.30. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The business has a 50 day moving average of $124.89 and a two-hundred day moving average of $122.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the business posted $2.69 earnings per share. EOG Resources's quarterly revenue was up 1.3% on a year-over-year basis. Analysts forecast that EOG Resources will post 12.06 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.82%. EOG Resources's dividend payout ratio (DPR) is currently 28.75%.

Insider Buying and Selling

In related news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the firm's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the sale, the executive vice president now directly owns 109,040 shares of the company's stock, valued at $14,206,821.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm's stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares of the company's stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is owned by company insiders.

Institutional Trading of EOG Resources

Large investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its position in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company's stock valued at $30,000 after purchasing an additional 212 shares in the last quarter. Sachetta LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at $33,000. Hall Laurie J Trustee purchased a new position in shares of EOG Resources in the fourth quarter valued at $36,000. Keener Financial Planning LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at $36,000. Finally, Norwood Financial Corp purchased a new position in shares of EOG Resources in the first quarter valued at $37,000. 89.91% of the stock is owned by hedge funds and other 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.