Brokerages Set EOG Resources, Inc. (NYSE:EOG) PT at $155.04

EOG Resources, Inc. (NYSE:EOG) has been given a consensus rating of “Moderate Buy” by the thirty analysts that are covering the firm, MarketBeat reports. Sixteen research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $155.0357.

EOG has been the subject of several analyst reports. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Piper Sandler increased their price target on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. Capital One Financial decreased their price objective on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Weiss Ratings raised EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Susquehanna upped their target price on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st.

EOG Resources Price Performance

EOG Resources stock opened at $138.10 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. EOG Resources has a 52-week low of $101.59 and a 52-week high of $151.87. The firm has a market cap of $73.56 billion, a PE ratio of 13.59 and a beta of 0.25. The company’s 50 day moving average is $135.51 and its two-hundred day moving average is $127.99.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 earnings per share. On average, research analysts expect that EOG Resources will post 16.18 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds and other institutional investors have recently modified their holdings of EOG. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth $25,000. SJS Investment Consulting Inc. increased its holdings in EOG Resources by 225.5% in the first 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 during the last quarter. Prosperity Bancshares Inc purchased a new position in EOG Resources in the fourth quarter valued at $26,000. Nemes Rush Group LLC acquired a new stake in EOG Resources in the fourth quarter valued at $30,000. Finally, Financial Life Planners acquired a new stake in EOG Resources in the first quarter valued at $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.