Mizuho Reaffirms Neutral Rating for EOG Resources (NYSE:EOG)

EOG Resources (NYSE:EOG)‘s stock had its “neutral” rating reiterated by stock analysts at Mizuho in a research note issued on Tuesday,Benzinga reports. They currently have a $140.00 price objective on the energy exploration company’s stock, down from their prior price objective of $148.00. Mizuho’s target price indicates a potential upside of 9.08% from the company’s current price.

EOG has been the subject of several other reports. Raymond James raised their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup cut their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Piper Sandler decreased their price target on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Thirteen equities research 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 MarketBeat, the stock has an average rating of “Hold” and an average target price of $144.95.

EOG Resources Stock Performance

NYSE:EOG opened at $128.35 on Tuesday. EOG Resources has a 1 year low of $115.78 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business has a fifty day simple moving average of $128.99 and a two-hundred day simple moving average of $127.55. The company has a market capitalization of $71.10 billion, a P/E ratio of 10.33, a P/E/G ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, analysts expect that EOG Resources will post 11.47 earnings per share for the current year.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Life Planners bought a new stake in EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd increased its stake in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC bought a new stake in EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources in the 4th quarter worth $27,000. 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.