EOG Resources (NYSE:EOG) Cut to Equal Weight at Capital One Financial

Capital One Financial cut shares of EOG Resources (NYSE:EOG) from an overweight rating to an equal weight rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have $153.00 price target on the energy exploration company’s stock.

Several other equities research analysts have also weighed in on the company. Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Raymond James Financial reissued a “strong-buy” rating and set a $183.00 price target on shares of EOG Resources in a report on Monday, August 3rd. The Goldman Sachs Group restated a “neutral” rating and set a $151.00 price target (up from $127.00) on shares of EOG Resources in a research report on Monday. Mizuho set a $157.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, UBS Group dropped their price objective on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average target price of $156.33.

EOG Resources Stock Down 0.7%

NYSE:EOG opened at $143.53 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $140.20 and a 200-day moving average of $136.19. The firm has a market capitalization of $75.29 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. EOG Resources has a 52 week low of $101.59 and a 52 week high of $153.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter last year, the business posted $2.32 EPS. The business’s revenue was up 57.4% on a year-over-year basis. Analysts predict that EOG Resources will post 16.87 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources in the fourth quarter worth about $25,000. SJS Investment Consulting Inc. grew its position in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares in the last quarter. Prosperity Bancshares Inc bought a new position in EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC acquired a new position in EOG Resources during the 4th quarter valued at about $30,000. Finally, Financial Life Planners acquired a new position in EOG Resources during the 1st quarter valued at about $30,000. Institutional investors own 89.91% of the company’s stock.

About EOG Resources

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.