EOG Resources (NYSE:EOG) Price Target Increased to $159.00 by Analysts at Susquehanna

EOG Resources (NYSE:EOG) had its price target boosted by Susquehanna from $155.00 to $159.00 in a research note released on Monday, Benzinga reports. Susquehanna currently has a positive rating on the energy exploration company’s stock.

Several other brokerages have also commented on EOG. Citigroup lifted their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the stock a neutral rating in a research report on Friday, May 24th. Truist Financial reduced their target price on shares of EOG Resources from $136.00 to $130.00 and set a hold rating for the company in a research note on Monday, July 22nd. Morgan Stanley lifted 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 note on Monday, April 15th. Piper Sandler lifted their target price on shares of EOG Resources from $153.00 to $154.00 and gave the stock an overweight rating in a research note on Tuesday, May 14th. Finally, Scotiabank reduced their target price on shares of EOG Resources from $155.00 to $150.00 and set a sector perform rating for the company in a research note on Friday, July 12th. Fourteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $144.45.

EOG Resources Stock Performance

Shares of EOG stock opened at $126.79 on Monday. The firm has a market cap of $72.87 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 2.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources has a 52 week low of $108.94 and a 52 week high of $139.67. The firm’s 50-day simple moving average is $124.61 and its two-hundred day simple moving average is $123.97.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 earnings per share. As a group, equities analysts forecast that EOG Resources will post 12.13 earnings per share for the current year.

EOG Resources Announces Dividend

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

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the business’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 completion of the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the sale, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds have recently made changes to their positions in EOG. Capital World Investors lifted its holdings in shares of EOG Resources by 59.2% in the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after acquiring an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after buying an additional 1,029,727 shares during the last quarter. Capital International Investors raised its holdings in EOG Resources by 7.1% during the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after buying an additional 766,056 shares during the last quarter. Capital Research Global Investors raised its holdings in EOG Resources by 1.3% during the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after buying an additional 373,365 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in EOG Resources by 237.9% during the 2nd quarter. National Bank of Canada FI now owns 487,920 shares of the energy exploration company’s stock valued at $61,741,000 after buying an additional 343,527 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

About EOG Resources

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.