EOG Resources (NYSE:EOG) Price Target Raised to $153.00

EOG Resources (NYSE:EOG) had its price objective raised by equities research analysts at Barclays from $140.00 to $153.00 in a research report issued on Tuesday,MarketScreener reports. Barclays‘s target price indicates a potential upside of 9.52% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. UBS Group boosted their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wolfe Research increased their target price on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Citigroup reiterated a “neutral” rating and issued a $147.00 target price (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Sanford C. Bernstein lowered their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Finally, Zacks Research upgraded EOG Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.11.

EOG Resources Trading Down 1.1%

Shares of EOG stock opened at $139.70 on Tuesday. The firm’s 50-day simple moving average is $138.07 and its 200-day simple moving average is $121.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87. The firm has a market cap of $74.41 billion, a P/E ratio of 13.75 and a beta of 0.27.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm earned $2.87 earnings per share. EOG Resources’s revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts forecast that EOG Resources will post 15.67 EPS for the current year.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $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 16,230 shares of company stock worth $2,272,568 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Institutional Trading of EOG Resources

Large investors have recently bought and sold shares of the company. Capital World Investors lifted its position in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after purchasing an additional 782,426 shares in the last quarter. Vanguard Group Inc. grew its holdings in EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares in the last quarter. State Street Corp increased its stake in EOG Resources by 0.3% during the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after buying an additional 100,080 shares during the period. Capital Research Global Investors lifted its holdings in EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after buying an additional 122,486 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after buying an additional 371,548 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.