EOG Resources (NYSE:EOG) PT Lowered to $115.00

EOG Resources (NYSE:EOG) had its price objective dropped by analysts at Truist Financial from $130.00 to $115.00 in a report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the energy exploration company’s stock. Truist Financial’s price target indicates a potential downside of 9.40% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. KeyCorp started coverage on EOG Resources in a report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a research report on Wednesday, July 10th. Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, Sanford C. Bernstein decreased their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Fourteen analysts have rated the stock with a hold rating, eight 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 a consensus rating of “Hold” and a consensus price target of $142.50.

EOG Resources Price Performance

Shares of NYSE EOG opened at $126.93 on Monday. The stock’s 50-day simple moving average is $124.91 and its 200-day simple moving average is $126.81. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm has a market capitalization of $72.95 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 EPS. As a group, equities research analysts forecast that EOG Resources will post 11.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,537 shares of company stock worth $2,751,612. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Large investors have recently added to or reduced their stakes in the business. Aveo Capital Partners LLC grew its position in shares of EOG Resources by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 2,194 shares of the energy exploration company’s stock valued at $265,000 after purchasing an additional 101 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new position in shares of EOG Resources in the fourth quarter worth $406,000. Bank of Nova Scotia lifted its position in shares of EOG Resources by 33.7% in the fourth quarter. Bank of Nova Scotia now owns 72,229 shares of the energy exploration company’s stock valued at $8,736,000 after acquiring an additional 18,196 shares in the last quarter. FinTrust Capital Advisors LLC boosted its stake in shares of EOG Resources by 26.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock valued at $51,000 after acquiring an additional 89 shares during the last quarter. Finally, KBC Group NV increased its position in EOG Resources by 5.0% during the 4th quarter. KBC Group NV now owns 165,785 shares of the energy exploration company’s stock worth $20,052,000 after purchasing an additional 7,854 shares in the last quarter. 89.91% 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, 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.