Jefferies Financial Group Boosts EOG Resources (NYSE:EOG) Price Target to $146.00

EOG Resources (NYSE:EOG) had its target price upped by analysts at Jefferies Financial Group from $140.00 to $146.00 in a research note issued on Monday,MarketScreener reports. The firm presently has a “buy” rating on the energy exploration company’s stock. Jefferies Financial Group’s target price points to a potential upside of 14.68% from the company’s previous close.

EOG has been the topic of a number of other reports. 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. Capital One Financial dropped their price target on EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Morgan Stanley set a $128.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Piper Sandler set a $123.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Zacks Research downgraded EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $134.81.

EOG Resources Stock Up 2.6%

Shares of EOG traded up $3.23 during mid-day trading on Monday, reaching $127.31. The company’s stock had a trading volume of 1,565,717 shares, compared to its average volume of 4,949,932. The company has a market cap of $68.30 billion, a price-to-earnings ratio of 13.99 and a beta of 0.49. 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 business has a fifty day moving average of $111.21 and a 200 day moving average of $111.69. EOG Resources has a 1 year low of $101.59 and a 1 year high of $130.52.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the business earned $2.74 EPS. The firm’s revenue was up .9% compared to the same quarter last year. As a group, analysts forecast that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Trading of EOG Resources

Several institutional investors have recently added to or reduced their stakes in EOG. Sivia Capital Partners LLC bought a new stake in EOG Resources during the second quarter worth approximately $258,000. Hantz Financial Services Inc. increased its position in shares of EOG Resources by 16.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 930 shares of the energy exploration company’s stock valued at $111,000 after purchasing an additional 132 shares during the last quarter. Savvy Advisors Inc. purchased a new stake in EOG Resources during the 2nd quarter valued at $225,000. Welch & Forbes LLC lifted its position in EOG Resources by 4.0% in the second quarter. Welch & Forbes LLC now owns 25,039 shares of the energy exploration company’s stock worth $2,995,000 after buying an additional 962 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in EOG Resources by 4.3% during the second quarter. State of Michigan Retirement System now owns 159,052 shares of the energy exploration company’s stock worth $19,024,000 after buying an additional 6,500 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

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.