Brokerages Set EOG Resources, Inc. (NYSE:EOG) PT at $143.90

Shares of EOG Resources, Inc. (NYSE:EOG) have been given an average rating of “Hold” by the twenty-two research firms that are presently covering the company, MarketBeat reports. Thirteen analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $143.90.

Several research analysts have recently commented on the stock. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Bank of America reiterated a “neutral” rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price objective on shares of EOG Resources in a research note on Monday, January 6th. Finally, Piper Sandler boosted their target price on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th.

EOG Resources Stock Performance

EOG opened at $128.24 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business has a fifty day simple moving average of $128.26 and a 200 day simple moving average of $127.29. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a market capitalization of $72.13 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the company posted $3.44 earnings per share. Research analysts expect that EOG Resources will post 11.46 EPS for the current year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $0.975 per share. The ex-dividend date was Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.04%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

EOG Resources announced that its board has authorized a share buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the completion of the transaction, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after purchasing an additional 2,076,134 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock valued at $147,621,000 after buying an additional 1,075,334 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in EOG Resources in the 2nd quarter valued at about $106,990,000. Assenagon Asset Management S.A. raised its stake in EOG Resources by 577.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after buying an additional 593,823 shares during the period. Finally, Empower Advisory Group LLC grew its stake in EOG Resources by 21,218.1% in the fourth quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company’s stock valued at $43,222,000 after acquiring an additional 350,948 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

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.