Brokerages Set EOG Resources, Inc. (NYSE:EOG) Price Target at $144.55

EOG Resources, Inc. (NYSE:EOG) has been given a consensus recommendation of “Hold” by the twenty-three brokerages that are currently covering the company, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $143.50.

A number of equities analysts have weighed in on EOG shares. TD Cowen upped their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Stifel Nicolaus reduced their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Citigroup upped their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Finally, Wolfe Research assumed coverage on shares of EOG Resources in a research report on Thursday. They issued a “peer perform” rating for the company.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now directly owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,512 shares of company stock worth $2,144,972. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Wright Investors Service Inc. boosted its stake in EOG Resources by 0.8% during the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after buying an additional 80 shares during the period. CVA Family Office LLC boosted its stake in shares of EOG Resources by 11.0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 81 shares during the period. Field & Main Bank boosted its stake in shares of EOG Resources by 1.4% in the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after purchasing an additional 83 shares during the period. PDS Planning Inc boosted its stake in shares of EOG Resources by 4.1% in the first quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after purchasing an additional 84 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in shares of EOG Resources by 1.0% in the first quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock valued at $1,076,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $129.27 on Monday. The company’s fifty day moving average price is $125.03 and its 200 day moving average price is $123.11. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a market capitalization of $74.29 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 1.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.69 earnings per share. On average, research analysts predict that EOG Resources will post 12.09 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is currently 28.75%.

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.