In yesterday’s Wall Street session, EOG Resources Inc. (NYSE:EOG) shares traded at $132.10, down -1.90% from the previous session.
As of this writing, 34 analysts cover EOG Resources Inc. (NYSE:EOG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $176.00 and a low of $134.00, we find $156.50. Given the previous closing price of $134.66, this indicates a potential upside of 16.22 percent. EOG stock price is now 0.54% away from the 50-day moving average and 8.82% away from the 200-day moving average. The market capitalization of the company currently stands at $78.33B.
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There are 7 analysts who have given it a hold rating, whereas 24 have given it a buy rating. Brokers who have rated the stock have averaged $156.40 as their price target over the next twelve months.
With the price target of $167, Wells Fargo recently initiated with Overweight rating for EOG Resources Inc. (NYSE: EOG). On January 10, 2023, Mizuho Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $155 to quote $160, while ‘TD Securities’ rates the stock as ‘Hold’.
In other news, Kerr Michael T., Director bought 20,000 shares of the company’s stock on Jan 12. The stock was bought for $2,609,854 at an average price of $130.49. Upon completion of the transaction, the Director now directly owns 170,000 shares in the company, valued at $22.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30, President & COO Helms Lloyd W Jr sold 5,455 shares of the business’s stock. A total of $772,876 was realized by selling the stock at an average price of $141.68. This leaves the insider owning 151,917 shares of the company worth $20.07 million. Insiders disposed of 601,815 shares of company stock worth roughly $79.5 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EOG stock. A new stake in EOG Resources Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $298,480,000. POINT72 ASSET MANAGEMENT, L.P. invested $155,196,000 in shares of EOG during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in EOG Resources Inc. valued at approximately $66,501,000. COOKE & BIELER LP acquired a new stake in EOG for approximately $56,343,000. CULLEN CAPITAL MANAGEMENT, LLC purchased a new stake in EOG valued at around $45,365,000 in the second quarter. In total, there are 1,672 active investors with 89.00% ownership of the company’s stock.
Monday morning saw EOG Resources Inc. (NYSE: EOG) opened at $133.18. During the past 12 months, EOG Resources Inc. has had a low of $89.96 and a high of $149.10. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 1.80, and a quick ratio of 1.60. The fifty day moving average price for EOG is $132.03 and a two-hundred day moving average price translates $123.73 for the stock.
The latest earnings results from EOG Resources Inc. (NYSE: EOG) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $2.74, beating analysts’ expectations of $2.63 by 0.11. This compares to $1.88 EPS in the same period last year. The net profit margin was 29.90% and return on equity was 33.20% for EOG. The company reported revenue of $7.59 billion for the quarter, compared to $4.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.35 percent. For the current quarter, analysts expect EOG to generate $7.33B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/31/2023. Investors who held shares on 01/17/2023 were paid a $0.825 dividend. On an annualized basis, this represents a $3.30 dividend and a 2.50% percent yield. There was an ex-dividend date of 01/13/2023 for this dividend. In terms of dividend payout ratio, EOG is presently at 23.40%.
EOG Resources Inc.(EOG) 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. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
