In yesterday’s Wall Street session, EOG Resources Inc. (NYSE:EOG) shares traded at $125.68, down -2.49% from the previous session.
32 analysts cover EOG Resources Inc. (NYSE:EOG), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $169.00 and a low of $113.00, we find $151.00. Given the previous closing price of $128.89, this indicates a potential upside of 17.15 percent. EOG stock price is now 3.05% away from the 50-day moving average and 3.09% away from the 200-day moving average. The market capitalization of the company currently stands at $72.67B.
The stock has received a hold rating from 6 analysts and a buy rating from 22. Brokers who have rated the stock have averaged $147.47 as their price target over the next twelve months.
In other news, Helms Lloyd W Jr, President & COO sold 4,551 shares of the company’s stock on Aug 15. The stock was sold for $595,089 at an average price of $130.76. Upon completion of the transaction, the President & COO now directly owns 145,259 shares in the company, valued at $18.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 07, EVP Exploration and Production Leitzell Jeffrey R. sold 2,031 shares of the business’s stock. A total of $238,157 was realized by selling the stock at an average price of $117.26. This leaves the insider owning 37,607 shares of the company worth $4.73 million. Insiders disposed of 321,935 shares of company stock worth roughly $40.46 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 TWINBEECH CAPITAL LP during the first quarter worth $24,474,000. RAILWAY PENSION INVESTMENTS LTD invested $24,156,000 in shares of EOG during the first quarter. In the first quarter, EA SERIES TRUST acquired a new stake in EOG Resources Inc. valued at approximately $16,780,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in EOG for approximately $14,351,000. JUPITER ASSET MANAGEMENT LTD purchased a new stake in EOG valued at around $12,679,000 in the second quarter. In total, there are 1,745 active investors with 89.00% ownership of the company’s stock.
On Thursday morning EOG Resources Inc. (NYSE: EOG) stock kicked off with the opening price of $127.45. During the past 12 months, EOG Resources Inc. has had a low of $98.52 and a high of $147.74. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 2.40, and a quick ratio of 2.00. The fifty day moving average price for EOG is $122.22 and a two-hundred day moving average price translates $122.56 for the stock.
The latest earnings results from EOG Resources Inc. (NYSE: EOG) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $2.49, beating analysts’ expectations of $2.32 by 0.17. This compares to $3.81 EPS in the same period last year. The net profit margin was 33.60% and return on equity was 34.70% for EOG. The company reported revenue of $5.57 billion for the quarter, compared to $7.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.76 percent. For the current quarter, analysts expect EOG to generate $5.7B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/31/2023. Investors who held shares on 10/17/2023 were paid a $0.825 dividend. On an annualized basis, this represents a $3.30 dividend and a 2.63% percent yield. There was an ex-dividend date of 10/16/2023 for this dividend. In terms of dividend payout ratio, EOG is presently at 21.60%.
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. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
