EOG Resources (NYSE:EOG) Given New $125.00 Price Target at Sanford C. Bernstein

EOG Resources (NYSE:EOG) had its price objective decreased by Sanford C. Bernstein from $139.00 to $125.00 in a research note released on Wednesday, Benzinga reports. Sanford C. Bernstein currently has a market perform rating on the energy exploration company’s stock.

A number of other equities analysts have also recently issued reports on EOG. Stifel Nicolaus dropped their price objective on EOG Resources from $153.00 to $150.00 and set a buy rating for the company in a report on Tuesday, April 23rd. Piper Sandler boosted their price objective on EOG Resources from $153.00 to $154.00 and gave the company an overweight rating in a report on Tuesday, May 14th. Bank of America reaffirmed a buy rating and set a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. Benchmark reaffirmed a hold rating on shares of EOG Resources in a research report on Tuesday, May 7th. Finally, Morgan Stanley lifted their target price on EOG Resources from $132.00 to $133.00 and gave the company an equal weight rating in a research report on Monday, April 15th. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $143.50.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $129.25 on Wednesday. The stock has a market cap of $74.28 billion, a price-to-earnings 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. The stock has a 50 day moving average price of $125.03 and a 200-day moving average price of $123.12. EOG Resources has a one year low of $108.94 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.69 EPS. Equities analysts expect that EOG Resources will post 12.09 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. Shareholders of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.82%. EOG Resources’s dividend payout ratio is currently 28.75%.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,512 shares of company stock valued at $2,144,972. Insiders own 0.30% of the company’s stock.

Institutional Trading of EOG Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new stake in EOG Resources during the fourth quarter valued at $5,443,000. TIAA Trust National Association grew its position in shares of EOG Resources by 639.3% in the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after purchasing an additional 49,840 shares during the period. Dai ichi Life Insurance Company Ltd grew its position in shares of EOG Resources by 15.3% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after purchasing an additional 6,154 shares during the period. L. Roy Papp & Associates LLP grew its position in shares of EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after purchasing an additional 26,026 shares during the period. Finally, AIA Group Ltd grew its position in shares of EOG Resources by 128.0% in the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after purchasing an additional 5,728 shares during the period. Institutional investors and hedge funds 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.