EOG Resources (NYSE:EOG) Given New $154.00 Price Target at UBS Group

EOG Resources (NYSE:EOG - Free Report) had its price target cut by UBS Group from $167.00 to $154.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the energy exploration company's stock.

Other equities analysts have also issued reports about the company. Sanford C. Bernstein cut their price objective on EOG Resources from $139.00 to $125.00 and set a market perform rating on the stock in a research note on Wednesday, July 17th. Wolfe Research assumed coverage on shares of EOG Resources in a research note on Thursday, July 18th. They issued a peer perform rating on the stock. Truist Financial lowered their target price on shares of EOG Resources from $136.00 to $130.00 and set a hold rating for the company in a research note on Monday, July 22nd. Scotiabank cut their price target on shares of EOG Resources from $155.00 to $150.00 and set a sector perform rating on the stock in a research report on Friday, July 12th. Finally, Bank of America reiterated a buy rating and set a $151.00 price target on shares of EOG Resources in a report on Friday, June 14th. Fourteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $142.89.

EOG Resources Trading Up 1.0 %

NYSE:EOG traded up $1.19 during mid-day trading on Wednesday, hitting $124.38. 3,965,257 shares of the company's stock were exchanged, compared to its average volume of 3,187,676. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a 50 day simple moving average of $125.80 and a 200-day simple moving average of $126.44. The firm has a market capitalization of $71.48 billion, a P/E ratio of 9.75, a PEG ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 earnings per share. As a group, research analysts expect that EOG Resources will post 12.2 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources's dividend payout ratio is currently 28.75%.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company's stock, valued at approximately $9,615,375. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other 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 value of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 over the last three months. Corporate insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On EOG Resources

Several hedge funds have recently modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of EOG Resources during the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth $28,000. Gladius Capital Management LP purchased a new position in shares of EOG Resources in the 2nd quarter worth about $30,000. Sachetta LLC bought a new position in EOG Resources during the fourth quarter valued at about $33,000. Finally, Triad Wealth Partners LLC purchased a new stake in EOG Resources during the second quarter worth about $35,000. Institutional investors 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.