EOG Resources (NYSE:EOG) Price Target Lowered to $150.00 at Mizuho

EOG Resources (NYSE:EOG) had its price objective decreased by Mizuho from $158.00 to $150.00 in a research report report published on Wednesday morning, Benzinga reports. Mizuho currently has a buy rating on the energy exploration company’s stock.

A number of other equities research analysts also recently commented on EOG. UBS Group raised their target price on EOG Resources from $164.00 to $165.00 and gave the company a buy rating in a report on Wednesday, October 4th. Piper Sandler lifted their price target on EOG Resources from $156.00 to $157.00 and gave the stock an overweight rating in a research note on Monday, August 14th. Tudor, Pickering, Holt & Co. downgraded shares of EOG Resources from a buy rating to a hold rating in a research note on Thursday, August 24th. Wells Fargo & Company cut their target price on shares of EOG Resources from $154.00 to $152.00 and set an overweight rating for the company in a research note on Friday, September 1st. Finally, Truist Financial boosted their target price on shares of EOG Resources from $165.00 to $169.00 and gave the company a buy rating in a research note on Monday, November 6th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $147.77.

EOG Resources Stock Performance

NYSE:EOG opened at $124.00 on Wednesday. The firm’s fifty day moving average price is $127.34 and its 200 day moving average price is $122.37. EOG Resources has a 1-year low of $98.52 and a 1-year high of $144.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.43 and a quick ratio of 2.10. The firm has a market cap of $72.31 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.36 and a beta of 1.51.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, January 16th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 2.94%. EOG Resources’s payout ratio is 24.52%.

Hedge Funds Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. lifted its stake in EOG Resources by 6.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 186,635 shares of the energy exploration company’s stock worth $21,359,000 after purchasing an additional 10,969 shares during the last quarter. Prospera Financial Services Inc lifted its stake in EOG Resources by 196.9% in the second quarter. Prospera Financial Services Inc now owns 7,593 shares of the energy exploration company’s stock valued at $870,000 after buying an additional 5,036 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in EOG Resources by 18.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 65,998 shares of the energy exploration company’s stock valued at $7,565,000 after buying an additional 10,154 shares during the last quarter. Procyon Advisors LLC lifted its stake in EOG Resources by 41.9% in the second quarter. Procyon Advisors LLC now owns 4,659 shares of the energy exploration company’s stock valued at $533,000 after buying an additional 1,376 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in EOG Resources by 6.6% in the first quarter. Continuum Advisory LLC now owns 7,112 shares of the energy exploration company’s stock valued at $815,000 after buying an additional 438 shares during the last quarter. 89.21% 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, 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. The company was formerly known as Enron Oil & Gas Company.