EOG Resources (NYSE:EOG) Price Target Raised to $155.00

EOG Resources (NYSE:EOG) had its price objective boosted by Susquehanna from $147.00 to $155.00 in a research note released on Monday, Benzinga reports. Susquehanna currently has a positive rating on the energy exploration company’s stock.

Other equities research analysts also recently issued reports about the stock. Piper Sandler raised their price target on shares of EOG Resources from $141.00 to $153.00 and gave the company an overweight rating in a research note on Friday, April 19th. Citigroup raised their target price on shares of EOG Resources from $120.00 to $124.00 and gave the company a neutral rating in a research report on Monday, March 18th. Raymond James lowered their price target on shares of EOG Resources from $148.00 to $145.00 and set a strong-buy rating for the company in a report on Wednesday, January 24th. Scotiabank downgraded EOG Resources from a sector outperform rating to a sector perform rating and raised their price objective for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Finally, Stifel Nicolaus lowered their target price on EOG Resources from $163.00 to $153.00 and set a buy rating for the company in a report on Friday, March 22nd. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $142.19.

EOG Resources Stock Down 0.2 %

Shares of EOG opened at $135.40 on Monday. The firm has a 50 day simple moving average of $125.26 and a two-hundred day simple moving average of $122.45. The company has a market cap of $77.88 billion, a P/E ratio of 10.41 and a beta of 1.40. EOG Resources has a one year low of $106.32 and a one year high of $139.67. 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 posted its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm posted $3.30 EPS. Research analysts forecast that EOG Resources will post 12.29 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. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.69%. EOG Resources’s dividend payout ratio (DPR) is currently 27.98%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors raised its holdings in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in EOG Resources by 26.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after acquiring an additional 1,029,727 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in EOG Resources by 863.4% in the third quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock valued at $139,445,000 after acquiring an additional 985,884 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after acquiring an additional 892,951 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of EOG Resources during the third quarter worth approximately $71,596,000. 89.91% of the stock is owned by institutional investors and hedge funds.

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.