EOG Resources, Inc. (NYSE:EOG) Given Average Recommendation of “Moderate Buy” by Analysts

EOG Resources, Inc. (NYSE:EOGGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $156.68.

Several research firms recently weighed in on EOG. Raymond James dropped their price target on EOG Resources from $160.00 to $155.00 and set a “strong-buy” rating on the stock in a research report on Monday, October 24th. Jefferies Financial Group started coverage on shares of EOG Resources in a research note on Wednesday, October 19th. They issued a “buy” rating and a $158.00 price target for the company. Piper Sandler boosted their price objective on shares of EOG Resources from $165.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, November 17th. Mizuho cut their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, October 24th. Finally, Susquehanna lifted their target price on shares of EOG Resources from $162.00 to $172.00 in a report on Monday, November 7th.

Insider Activity at EOG Resources

In related news, COO Lloyd W. Helms, Jr. sold 2,720 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $146.08, for a total transaction of $397,337.60. Following the completion of the transaction, the chief operating officer now directly owns 156,368 shares in the company, valued at approximately $22,842,237.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Kenneth W. Boedeker sold 1,995 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $145.09, for a total value of $289,454.55. Following the transaction, the executive vice president now directly owns 20,978 shares in the company, valued at $3,043,698.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lloyd W. Helms, Jr. sold 2,720 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $146.08, for a total value of $397,337.60. Following the completion of the transaction, the chief operating officer now directly owns 156,368 shares of the company’s stock, valued at approximately $22,842,237.44. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co grew its stake in EOG Resources by 0.8% during the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock valued at $1,019,000 after acquiring an additional 74 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of EOG Resources by 6.3% in the third quarter. Farmers & Merchants Investments Inc. now owns 1,260 shares of the energy exploration company’s stock worth $141,000 after purchasing an additional 75 shares during the last quarter. Hallmark Capital Management Inc. lifted its position in shares of EOG Resources by 3.6% in the third quarter. Hallmark Capital Management Inc. now owns 2,197 shares of the energy exploration company’s stock worth $245,000 after buying an additional 77 shares in the last quarter. Bogart Wealth LLC boosted its stake in EOG Resources by 24.8% during the third quarter. Bogart Wealth LLC now owns 397 shares of the energy exploration company’s stock valued at $44,000 after buying an additional 79 shares during the last quarter. Finally, PAX Financial Group LLC boosted its stake in EOG Resources by 3.0% during the third quarter. PAX Financial Group LLC now owns 2,705 shares of the energy exploration company’s stock valued at $302,000 after buying an additional 80 shares during the last quarter. 88.30% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

EOG Resources stock opened at $144.32 on Wednesday. EOG Resources has a fifty-two week low of $80.67 and a fifty-two week high of $150.88. The stock’s 50 day simple moving average is $129.54 and its two-hundred day simple moving average is $122.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.62 and a current ratio of 1.78. The stock has a market cap of $84.77 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.35 and a beta of 1.54.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 2.29%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 13th. EOG Resources’s dividend payout ratio is 23.57%.

About EOG Resources

(Get Rating)

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.

Read More

Analyst Recommendations for EOG Resources (NYSE:EOG)

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.