EOG Resources (NYSE:EOG) Price Target Raised to $186.00

EOG Resources (NYSE:EOG) had its target price hoisted by Raymond James Financial from $183.00 to $186.00 in a research report report published on Thursday, MarketBeat reports. Raymond James Financial currently has a strong-buy rating on the energy exploration company’s stock.

Other research analysts have also issued research reports about the company. Zacks Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Sanford C. Bernstein decreased their price objective on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Barclays set a $147.00 price objective on EOG Resources and gave the company an “equal weight” rating in a research note on Monday, August 17th. Seaport Research Partners started coverage on EOG Resources in a report on Thursday, September 3rd. They issued a “neutral” rating for the company. Finally, Capital One Financial downgraded EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price on the stock. in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $158.11.

EOG Resources Price Performance

EOG Resources stock opened at $144.13 on Thursday. EOG Resources has a 52-week low of $101.59 and a 52-week high of $154.16. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $144.46 and its 200 day moving average is $138.96. The company has a market cap of $75.60 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.54 and a beta of 0.26.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period last year, the company posted $2.32 EPS. The business’s revenue was up 57.4% on a year-over-year basis. Sell-side analysts forecast that EOG Resources will post 16.89 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 7,336 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president owned 100,558 shares in the company, valued at approximately $14,882,584. The trade was a 6.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of EOG Resources

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in EOG Resources during the 2nd quarter valued at about $5,905,587,000. Geode Capital Management LLC grew its stake in EOG Resources by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after acquiring an additional 95,260 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of EOG Resources by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock worth $848,228,000 after acquiring an additional 54,091 shares during the period. Bank of New York Mellon Corp increased its position in shares of EOG Resources by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 4,928,984 shares of the energy exploration company’s stock worth $712,583,000 after acquiring an additional 259,015 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of EOG Resources by 24.2% during the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after acquiring an additional 1,257,110 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.