EOG Resources (NYSE:EOG) Earns Hold Rating from Analysts at Truist Financial

Truist Financial initiated coverage on shares of EOG Resources (NYSE:EOG) in a research note released on Tuesday, Marketbeat.com reports. The brokerage issued a hold rating and a $146.00 target price on the energy exploration company’s stock.

Several other research analysts have also recently issued reports on EOG. JPMorgan Chase & Co. increased their price objective on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Johnson Rice decreased their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. BMO Capital Markets upped their price target on shares of EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Capital One Financial cut their price target on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Citigroup reiterated a “neutral” rating and issued a $115.00 price objective (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $138.52.

EOG Resources Stock Performance

NYSE EOG opened at $147.53 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $122.45 and its two-hundred day moving average is $113.66. EOG Resources has a 12-month low of $101.59 and a 12-month high of $148.70. The stock has a market capitalization of $79.15 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.48 and a beta of 0.44.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same period last year, the firm earned $2.74 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts expect that EOG Resources will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s payout ratio is 44.79%.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $11,445,850. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 14,532 shares of company stock worth $1,877,405 over the last quarter. Insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Several large investors have recently modified their holdings of the business. Hemington Wealth Management lifted its stake in EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after buying an additional 93 shares in the last quarter. Bollard Group LLC increased its position in EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after buying an additional 93 shares in the last quarter. apricus wealth LLC raised its holdings in shares of EOG Resources by 5.0% in the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after acquiring an additional 95 shares during the last quarter. Sowell Financial Services LLC raised its holdings in shares of EOG Resources by 1.6% in the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 96 shares during the last quarter. Finally, Hardy Reed LLC lifted its position in shares of EOG Resources by 4.5% in the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after acquiring an additional 97 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Company Profile

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.