Stifel Nicolaus Cuts EOG Resources (NYSE:EOG) Price Target to $150.00

EOG Resources (NYSE:EOG) had its target price trimmed by Stifel Nicolaus from $153.00 to $150.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the energy exploration company’s stock.

EOG has been the subject of several other reports. Piper Sandler raised their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the stock an overweight rating in a report on Friday, April 19th. Morgan Stanley raised their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the stock an equal weight rating in a report on Monday, April 15th. Mizuho raised their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the stock a buy rating in a report on Monday, April 15th. Barclays initiated coverage on shares of EOG Resources in a report on Wednesday, April 10th. They set an equal weight rating and a $144.00 target price for the company. Finally, Truist Financial lowered their target price on shares of EOG Resources from $165.00 to $163.00 and set a buy rating for the company in a report on Friday, April 5th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources has an average rating of Moderate Buy and an average price target of $142.19.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $135.71 on Tuesday. EOG Resources has a 12 month low of $106.32 and a 12 month high of $139.67. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $125.70 and a 200-day moving average price of $122.51. The company has a market cap of $78.06 billion, a price-to-earnings ratio of 10.43 and a beta of 1.40.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the business earned $3.30 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources will post 12.29 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Institutional Investors Weigh In On EOG Resources

A number of large investors have recently added to or reduced their stakes in EOG. McIlrath & Eck LLC grew its position in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares during the period. Exchange Traded Concepts LLC grew its position in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares during the period. Peoples Bank KS bought a new stake in EOG Resources in the 3rd quarter worth approximately $31,000. Sachetta LLC bought a new stake in EOG Resources in the 4th quarter worth approximately $33,000. Finally, Hall Laurie J Trustee bought a new stake in shares of EOG Resources during the 4th quarter valued at $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.