EOG Resources (NYSE:EOG) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of EOG Resources (NYSE:EOG) in a research report report published on Wednesday morning, Marketbeat reports. The firm issued an equal weight rating and a $144.00 price objective on the energy exploration company’s stock.

A number of other equities analysts have also commented on EOG. JPMorgan Chase & Co. boosted their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the stock a neutral rating in a report on Thursday, March 28th. TD Securities cut their price objective on shares of EOG Resources from $135.00 to $130.00 and set a hold rating on the stock in a report on Friday, February 23rd. Truist Financial cut their price objective on shares of EOG Resources from $165.00 to $163.00 and set a buy rating on the stock in a report on Friday, April 5th. Bank of America lowered shares of EOG Resources from a buy rating to a neutral rating and cut their price objective for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Finally, UBS Group cut their price objective on shares of EOG Resources from $165.00 to $145.00 and set a buy rating on the stock in a report on Thursday, December 14th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of Moderate Buy and an average target price of $140.29.

EOG Resources Stock Performance

NYSE:EOG opened at $137.95 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $79.35 billion, a price-to-earnings ratio of 10.60 and a beta of 1.40. The firm’s fifty day simple moving average is $120.37 and its 200 day simple moving average is $121.70. EOG Resources has a twelve month low of $106.32 and a twelve month high of $138.41.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate 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 net margin of 31.40% and a return on equity of 25.38%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.30 EPS. As a group, equities research analysts expect that EOG Resources will post 11.85 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. bought a new position in EOG Resources in the 3rd quarter worth about $4,431,000. Paradigm Financial Partners LLC grew its position in EOG Resources by 0.9% in the 3rd quarter. Paradigm Financial Partners LLC now owns 30,004 shares of the energy exploration company’s stock worth $3,728,000 after purchasing an additional 271 shares during the last quarter. TIAA Trust National Association grew its position in EOG Resources by 639.3% in the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after purchasing an additional 49,840 shares during the last quarter. L. Roy Papp & Associates LLP grew its position in EOG Resources by 18.3% in the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after purchasing an additional 26,026 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in EOG Resources by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock worth $370,717,000 after purchasing an additional 340,902 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

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.