EOG Resources (NYSE:EOG) Stock Price Down 7%

EOG Resources, Inc. (NYSE:EOGGet Rating) was down 7% during trading on Friday . The company traded as low as $110.93 and last traded at $111.23. Approximately 60,674 shares changed hands during trading, a decline of 98% from the average daily volume of 3,719,923 shares. The stock had previously closed at $119.56.

A number of research analysts have recently commented on EOG shares. Raymond James raised shares of EOG Resources from an “outperform” rating to a “strong-buy” rating and set a $170.00 price objective for the company in a research note on Tuesday, May 10th. Susquehanna Bancshares upped their price objective on shares of EOG Resources from $135.00 to $147.00 in a research note on Monday, April 25th. Susquehanna upped their price objective on shares of EOG Resources from $135.00 to $147.00 in a research note on Monday, April 25th. MKM Partners upped their price objective on shares of EOG Resources from $114.00 to $127.00 in a research note on Monday, February 28th. Finally, Wells Fargo & Company increased their target price on shares of EOG Resources from $113.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, March 14th. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Buy” and an average target price of $138.18.

The company has a market capitalization of $65.24 billion, a PE ratio of 14.94, a PEG ratio of 0.25 and a beta of 1.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.35. The company has a 50 day moving average price of $126.89 and a 200 day moving average price of $113.08.

EOG Resources (NYSE:EOGGet Rating) last released its earnings results on Thursday, May 5th. The energy exploration company reported $4.00 EPS for the quarter, beating the consensus estimate of $3.69 by $0.31. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $5.62 billion. EOG Resources had a return on equity of 29.77% and a net margin of 23.12%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 EPS. On average, equities analysts forecast that EOG Resources, Inc. will post 17.04 earnings per share for the current fiscal year.

The firm also recently announced a None dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $1.80 per share. The ex-dividend date is Tuesday, June 14th. EOG Resources’s dividend payout ratio (DPR) is currently 40.05%.

In related news, EVP Jeffrey R. Leitzell sold 4,662 shares of the firm’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of $121.48, for a total transaction of $566,339.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Ann D. Janssen sold 3,688 shares of the firm’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $121.96, for a total value of $449,788.48. The disclosure for this sale can be found here. Insiders have sold 14,745 shares of company stock worth $1,899,262 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in EOG Resources by 2.0% in the first quarter. Vanguard Group Inc. now owns 52,391,572 shares of the energy exploration company’s stock valued at $6,246,646,000 after buying an additional 1,046,224 shares during the last quarter. BlackRock Inc. lifted its stake in EOG Resources by 1.1% in the first quarter. BlackRock Inc. now owns 46,646,390 shares of the energy exploration company’s stock valued at $5,561,649,000 after buying an additional 528,077 shares during the last quarter. State Street Corp lifted its stake in EOG Resources by 1.4% in the first quarter. State Street Corp now owns 36,748,452 shares of the energy exploration company’s stock valued at $4,381,518,000 after buying an additional 502,626 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in EOG Resources by 2.4% in the first quarter. JPMorgan Chase & Co. now owns 21,417,102 shares of the energy exploration company’s stock valued at $2,553,563,000 after buying an additional 491,880 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in EOG Resources by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 10,346,154 shares of the energy exploration company’s stock valued at $917,640,000 after buying an additional 312,449 shares during the last quarter. Institutional investors own 85.87% of the company’s stock.

EOG Resources Company Profile (NYSE:EOG)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

Featured Articles

Want More Great Investing Ideas?

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.