EOG Resources (NYSE:EOG) PT Lowered to $130.00 at Truist Financial

EOG Resources (NYSE:EOG) had its price target lowered by Truist Financial from $136.00 to $130.00 in a report released on Monday, Benzinga reports. The brokerage currently has a hold rating on the energy exploration company’s stock.

A number of other research analysts have also weighed in on the company. StockNews.com lowered EOG Resources from a buy rating to a hold rating in a report on Wednesday, July 17th. Royal Bank of Canada reissued a sector perform rating and issued a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. Piper Sandler raised their target price on shares of EOG Resources from $153.00 to $154.00 and gave the stock an overweight rating in a research note on Tuesday, May 14th. Mizuho upped their price target on shares of EOG Resources from $140.00 to $156.00 and gave the company a buy rating in a research note on Monday, May 13th. Finally, KeyCorp began coverage on shares of EOG Resources in a report on Thursday, June 27th. They issued an overweight rating and a $157.00 price target on the stock. Fifteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $143.20.

EOG Resources Stock Performance

Shares of EOG stock opened at $125.10 on Monday. The company has a fifty day moving average price of $124.81 and a two-hundred day moving average price of $123.19. EOG Resources has a one year low of $108.94 and a one year high of $139.67. The stock has a market cap of $71.90 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.74 and a beta of 1.30. 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) last issued its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. EOG Resources’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $2.69 EPS. As a group, equities analysts predict that EOG Resources will post 12.18 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is currently 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction dated Tuesday, May 21st. The shares were 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 available at this link. In other news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources 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 transaction, the executive vice president now owns 109,040 shares in the company, valued at approximately $14,206,821.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the company’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 sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 over the last quarter. 0.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co bought a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources during the second quarter worth $28,000. Gladius Capital Management LP acquired a new position in shares of EOG Resources during the second quarter worth $30,000. Sachetta LLC bought a new position in shares of EOG Resources in the 4th quarter valued at $33,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources during the 2nd quarter valued at $35,000. Institutional investors own 89.91% of the company’s stock.

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.