EOG Resources (NYSE:EOG) Price Target Cut to $130.00 by Analysts at Truist Financial

EOG Resources (NYSE:EOG) had its price objective trimmed by Truist Financial from $136.00 to $130.00 in a report published on Monday, Benzinga reports. The brokerage currently has a hold rating on the energy exploration company’s stock.

Other analysts have also issued reports about the stock. Barclays began coverage on shares of EOG Resources in a report on Wednesday, April 10th. They issued an equal weight rating and a $144.00 price objective for the company. Bank of America restated a buy rating and issued a $151.00 target price on shares of EOG Resources in a research note on Friday, June 14th. Wolfe Research began coverage on EOG Resources in a research note on Thursday, July 18th. They issued a peer perform rating on the stock. Royal Bank of Canada reissued a sector perform rating and set a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. Finally, Morgan Stanley upped their target price on shares of EOG Resources from $132.00 to $133.00 and gave the stock an equal weight rating in a research report on Monday, April 15th. Fifteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources has a consensus rating of Hold and a consensus target price of $143.20.

EOG Resources Price Performance

EOG opened at $127.04 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The stock has a market capitalization of $73.01 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The stock’s 50 day moving average price is $124.79 and its 200-day moving average price is $123.22. EOG Resources has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the firm earned $2.69 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that EOG Resources will post 12.1 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is presently 28.75%.

Insider Transactions at EOG Resources

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock worth $2,144,972 over the last three months. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EOG. Riverview Trust Co purchased a new stake in shares of EOG Resources in the 2nd quarter worth $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources in the second quarter worth about $28,000. Gladius Capital Management LP bought a new position in shares of EOG Resources in the second quarter worth about $30,000. Sachetta LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at about $33,000. Finally, Triad Wealth Partners LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $35,000. 89.91% of the stock is currently owned by institutional investors.

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.