EOG Resources (NYSE:EOG) Price Target Raised to $157.00

EOG Resources (NYSE:EOG) had its price objective boosted by KeyCorp from $147.00 to $157.00 in a research note published on Monday, Benzinga reports. They currently have an overweight rating on the energy exploration company’s stock.

A number of other brokerages have also recently weighed in on EOG. Raymond James lowered their price target on EOG Resources from $148.00 to $145.00 and set a strong-buy rating on the stock in a research report on Wednesday, January 24th. Stifel Nicolaus decreased their target price on EOG Resources from $163.00 to $153.00 and set a buy rating on the stock in a report on Friday, March 22nd. Barclays began coverage on EOG Resources in a report on Wednesday, April 10th. They set an equal weight rating and a $144.00 target price on the stock. Truist Financial decreased their target price on EOG Resources from $165.00 to $163.00 and set a buy rating on the stock in a report on Friday, April 5th. Finally, Mizuho increased their target price on EOG Resources from $138.00 to $140.00 and gave the stock a buy rating in a report on Monday, April 15th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of Moderate Buy and a consensus price target of $142.19.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $135.60 on Monday. The business’s fifty day moving average price is $124.83 and its two-hundred day moving average price is $122.36. EOG Resources has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The stock has a market capitalization of $78.00 billion, a price-to-earnings ratio of 10.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the company earned $3.30 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. As a group, analysts predict that EOG Resources will post 12.15 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Hedge Funds Weigh In On EOG Resources

Several hedge funds have recently added to or reduced their stakes in EOG. Ritholtz Wealth Management lifted its stake in EOG Resources by 11.8% in the third quarter. Ritholtz Wealth Management now owns 4,444 shares of the energy exploration company’s stock valued at $563,000 after buying an additional 469 shares during the period. Arkadios Wealth Advisors acquired a new position in EOG Resources in the third quarter valued at about $212,000. Montecito Bank & Trust acquired a new position in EOG Resources in the third quarter valued at about $219,000. 1900 Wealth Management LLC lifted its stake in EOG Resources by 84.6% in the third quarter. 1900 Wealth Management LLC now owns 5,459 shares of the energy exploration company’s stock valued at $692,000 after buying an additional 2,501 shares during the period. Finally, B & T Capital Management DBA Alpha Capital Management lifted its stake in EOG Resources by 9.1% in the third quarter. B & T Capital Management DBA Alpha Capital Management now owns 20,230 shares of the energy exploration company’s stock valued at $2,564,000 after buying an additional 1,682 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.