Barclays Trims EOG Resources (NYSE:EOG) Target Price to $137.00

EOG Resources (NYSE:EOG - Free Report) had its price target reduced by Barclays from $144.00 to $137.00 in a research report sent to investors on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the energy exploration company's stock.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their target price on EOG Resources from $143.00 to $135.00 and set a neutral rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada reiterated a sector perform rating and set a $147.00 target price on shares of EOG Resources in a research report on Wednesday, July 10th. StockNews.com cut shares of EOG Resources from a buy rating to a hold rating in a research report on Monday, September 16th. Evercore ISI lowered their price objective on shares of EOG Resources from $150.00 to $145.00 and set an outperform rating for the company in a research report on Monday. Finally, Morgan Stanley dropped their price objective on shares of EOG Resources from $134.00 to $132.00 and set an equal weight rating for the company in a research note on Monday, September 16th. Fourteen 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 stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of Hold and a consensus price target of $142.15.

EOG Resources Price Performance

EOG stock traded up $2.46 during midday trading on Thursday, hitting $130.79. The company's stock had a trading volume of 2,599,777 shares, compared to its average volume of 3,227,153. The firm has a market capitalization of $75.17 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a 50 day moving average of $124.97 and a two-hundred day moving average of $126.82.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during 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 quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $2.49 earnings per share. On average, analysts expect that EOG Resources will post 11.91 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.78%. EOG Resources's dividend payout ratio (DPR) is presently 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 stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on 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 directly owns 74,250 shares of the company's stock, valued at $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction on Friday, August 9th. The stock was 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 of the company's stock, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. In the last three months, insiders sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% of the company's stock.

Institutional Trading of EOG Resources

Several large investors have recently bought and sold shares of EOG. Riverview Trust Co purchased a new position in shares of EOG Resources in the second quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new position in EOG Resources during the 2nd quarter worth approximately $28,000. Gladius Capital Management LP acquired a new stake in EOG Resources during the 2nd quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources in the 2nd quarter valued at $35,000. Finally, Norwood Financial Corp acquired a new stake in shares of EOG Resources in the first quarter worth $37,000. Hedge funds and other 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.