Citigroup Cuts EOG Resources (NYSE:EOG) Price Target to $125.00

EOG Resources (NYSE:EOG) had its price target reduced by Citigroup from $134.00 to $125.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the energy exploration company’s stock.

Other research analysts have also issued reports about the company. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Barclays cut their price objective on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. UBS Group dropped their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $145.33.

EOG Resources Stock Performance

Shares of EOG opened at $125.02 on Monday. EOG Resources has a 52 week low of $115.78 and a 52 week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market capitalization of $69.25 billion, a PE ratio of 10.07, a PEG ratio of 3.58 and a beta of 1.25. The company’s 50 day moving average price is $129.32 and its 200 day moving average price is $127.49.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. Research analysts expect that EOG Resources will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.12%. EOG Resources’s dividend payout ratio is 34.73%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EOG Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in EOG. Financial Life Planners acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd boosted its stake in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $27,000. 89.91% of the stock is currently owned by institutional investors.

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.