EOG Resources (NYSE:EOG – Get Free Report) was downgraded by equities research analysts at Truist Financial from a “buy” rating to a “hold” rating in a report released on Thursday, MarketBeat.com reports. They currently have a $136.00 price target on the energy exploration company’s stock, down from their prior price target of $163.00. Truist Financial’s price target points to a potential upside of 4.65% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Barclays assumed coverage on EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective for the company. Morgan Stanley boosted their target price on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Piper Sandler upped their price target on EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Susquehanna upped their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Fifteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $141.82.
View Our Latest Stock Analysis on EOG
EOG Resources Stock Performance
NYSE EOG opened at $129.96 on Thursday. The stock has a 50-day moving average of $130.30 and a two-hundred day moving average of $122.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company has a market cap of $74.69 billion, a P/E ratio of 10.27 and a beta of 1.38. EOG Resources has a 1-year low of $106.32 and a 1-year high of $139.67.
EOG Resources (NYSE:EOG – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. As a group, analysts anticipate that EOG Resources will post 12.21 EPS for the current year.
Insider Buying and Selling
In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the sale, the chief operating officer now directly owns 39,054 shares of the company’s stock, valued at $5,079,753.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Insiders sold a total of 11,783 shares of company stock valued at $1,533,465 over the last three months. 0.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of EOG Resources by 0.3% in the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock valued at $6,938,635,000 after buying an additional 146,674 shares in the last quarter. Capital Research Global Investors increased its position in shares of EOG Resources by 1.3% in the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after buying an additional 373,365 shares in the last quarter. Capital World Investors increased its position in shares of EOG Resources by 5.4% in the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after buying an additional 1,361,538 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of EOG Resources by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock valued at $1,639,903,000 after buying an additional 145,691 shares in the last quarter. Finally, Capital International Investors increased its position in shares of EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after buying an additional 766,056 shares in the last quarter. Hedge funds and other 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.
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