EOG Resources (NYSE:EOG) Price Target Cut to $130.00

EOG Resources (NYSE:EOG) had its price objective decreased by stock analysts at Truist Financial from $136.00 to $130.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the energy exploration company’s stock. Truist Financial’s price target points to a potential upside of 4.08% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Mizuho lifted their target price on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. Citigroup raised their target price on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Finally, Wolfe Research started coverage on shares of EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average target price of $143.20.

EOG Resources Stock Down 1.6 %

NYSE EOG opened at $124.90 on Monday. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources has a 12 month low of $108.94 and a 12 month high of $139.67. The stock’s 50 day moving average is $124.89 and its 200 day moving average is $123.18. The stock has a market cap of $71.78 billion, a PE ratio of 9.87, a P/E/G ratio of 1.74 and a beta of 1.30.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. EOG Resources’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 earnings per share. Research analysts predict that EOG Resources will post 12.18 EPS for the current fiscal year.

Insider Transactions at EOG Resources

In related news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,512 shares of company stock worth $2,144,972. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in EOG. BKM Wealth Management LLC purchased a new position in EOG Resources during the 4th quarter valued at about $79,000. Brookstone Capital Management increased its holdings in EOG Resources by 25.3% during the fourth quarter. Brookstone Capital Management now owns 1,861 shares of the energy exploration company’s stock valued at $225,000 after buying an additional 376 shares during the period. SG Americas Securities LLC raised its stake in EOG Resources by 105.7% in the fourth quarter. SG Americas Securities LLC now owns 44,688 shares of the energy exploration company’s stock worth $5,405,000 after buying an additional 22,962 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in EOG Resources by 10.6% during the fourth quarter. CoreCap Advisors LLC now owns 6,538 shares of the energy exploration company’s stock worth $791,000 after buying an additional 628 shares during the period. Finally, AustralianSuper Pty Ltd bought a new stake in EOG Resources during the 4th quarter valued at $1,258,000. Institutional investors 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.