EOG Resources (NYSE:EOG – Get Rating) had its target price decreased by Truist Financial from $152.00 to $146.00 in a report issued on Thursday, The Fly reports. Truist Financial’s price target indicates a potential upside of 15.32% from the company’s previous close.
A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group began coverage on EOG Resources in a report on Wednesday, October 19th. They issued a “buy” rating and a $158.00 price target for the company. Cfra raised shares of EOG Resources from a “market weight” rating to an “overweight” rating in a research note on Thursday, September 29th. BMO Capital Markets raised their price target on shares of EOG Resources from $145.00 to $160.00 in a report on Friday, November 11th. KeyCorp assumed coverage on EOG Resources in a report on Monday, September 19th. They set an “overweight” rating and a $157.00 price objective on the stock. Finally, MKM Partners increased their price objective on EOG Resources from $122.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $155.73.
EOG Resources Price Performance
NYSE:EOG traded up $0.67 on Thursday, reaching $126.60. The stock had a trading volume of 126,377 shares, compared to its average volume of 4,212,048. The company has a market capitalization of $74.36 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 0.30 and a beta of 1.53. The stock has a fifty day moving average price of $134.83 and a 200-day moving average price of $122.93. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.16. EOG Resources has a 1-year low of $80.67 and a 1-year high of $150.88.
EOG Resources (NYSE:EOG – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported $3.71 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). EOG Resources had a return on equity of 35.36% and a net margin of 29.84%. The business had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.19 billion. Research analysts forecast that EOG Resources will post 14.06 EPS for the current year.
Insider Transactions at EOG Resources
In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 5,455 shares of the firm’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $141.68, for a total value of $772,864.40. Following the completion of the sale, the chief operating officer now directly owns 151,917 shares in the company, valued at $21,523,600.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Lloyd W. Helms, Jr. sold 5,455 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $141.68, for a total transaction of $772,864.40. Following the transaction, the chief operating officer now directly owns 151,917 shares of the company’s stock, valued at $21,523,600.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth W. Boedeker sold 1,995 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $145.09, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 10,170 shares of company stock worth $1,459,657 over the last three months. 0.40% of the stock is owned by company insiders.
Institutional Investors Weigh In On EOG Resources
Several large investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC purchased a new stake in EOG Resources during the third quarter valued at about $680,000. Bank of New York Mellon Corp increased its holdings in EOG Resources by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,972,949 shares of the energy exploration company’s stock valued at $779,089,000 after purchasing an additional 503,003 shares during the period. Centaurus Financial Inc. increased its holdings in EOG Resources by 59.4% during the 3rd quarter. Centaurus Financial Inc. now owns 3,578 shares of the energy exploration company’s stock valued at $400,000 after purchasing an additional 1,334 shares during the period. Values First Advisors Inc. increased its holdings in EOG Resources by 5.8% during the 3rd quarter. Values First Advisors Inc. now owns 15,528 shares of the energy exploration company’s stock valued at $1,735,000 after purchasing an additional 846 shares during the period. Finally, American Trust boosted its position in EOG Resources by 456.8% during the 3rd quarter. American Trust now owns 18,284 shares of the energy exploration company’s stock valued at $2,042,000 after acquiring an additional 15,000 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.
EOG Resources Company Profile
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.
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