EOG Resources (NYSE:EOG) Sets New 12-Month High – Should You Buy?

EOG Resources, Inc. (NYSE:EOG) hit a new 52-week high on Monday . The stock traded as high as $141.13 and last traded at $141.0030, with a volume of 2695933 shares traded. The stock had previously closed at $138.73.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Stephens raised their price objective on shares of EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Scotiabank set a $123.00 price objective on shares of EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. Mizuho upped their target price on shares of EOG Resources from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Finally, UBS Group increased their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $138.23.

EOG Resources Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $119.64 and a 200 day simple moving average of $112.92. The company has a market cap of $75.17 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $2.74 earnings per share. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,532 shares of company stock worth $1,877,405. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

A number of hedge funds have recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $25,000. Prosperity Bancshares Inc purchased a new position in EOG Resources in the 4th quarter valued at $26,000. Nemes Rush Group LLC purchased a new position in EOG Resources in the 4th quarter valued at $30,000. Gen Wealth Partners Inc acquired a new position in EOG Resources in the 4th quarter valued at $30,000. Finally, JCIC Asset Management Inc. purchased a new position in EOG Resources during the 3rd quarter worth $32,000. 89.91% of the stock is owned by institutional investors and hedge funds.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.