EOG Resources (NYSE:EOG) Price Target Raised to $155.00 at Susquehanna

EOG Resources (NYSE:EOG) had its target price raised by Susquehanna from $147.00 to $155.00 in a research report report published on Monday morning, Benzinga reports. Susquehanna currently has a positive rating on the energy exploration company’s stock.

A number of other brokerages also recently weighed in on EOG. Piper Sandler boosted their target price on shares of EOG Resources from $141.00 to $153.00 and gave the stock an overweight rating in a report on Friday. Mizuho lifted their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the stock a buy rating in a research report on Monday, April 15th. Morgan Stanley lifted their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the stock an equal weight rating in a research report on Monday, April 15th. Royal Bank of Canada reaffirmed a sector perform rating and set a $145.00 price objective on shares of EOG Resources in a research report on Tuesday, April 9th. Finally, KeyCorp reduced their price objective on shares of EOG Resources from $157.00 to $147.00 and set an overweight rating for the company in a research report on Thursday, January 11th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EOG Resources has a consensus rating of Moderate Buy and an average price target of $142.33.

EOG Resources Price Performance

NYSE EOG opened at $133.90 on Monday. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources has a 12-month low of $106.32 and a 12-month high of $139.67. The company has a market capitalization of $77.02 billion, a PE ratio of 10.29 and a beta of 1.40. The firm’s 50 day moving average is $123.87 and its 200-day moving average is $122.16.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. EOG Resources’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $3.30 earnings per share. Equities research analysts anticipate that EOG Resources will post 12.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EOG. Ritholtz Wealth Management raised its holdings in EOG Resources by 11.8% in the 3rd quarter. Ritholtz Wealth Management now owns 4,444 shares of the energy exploration company’s stock valued at $563,000 after buying an additional 469 shares during the last quarter. Arkadios Wealth Advisors bought a new position in EOG Resources in the 3rd quarter valued at approximately $212,000. Montecito Bank & Trust bought a new position in EOG Resources in the 3rd quarter valued at approximately $219,000. 1900 Wealth Management LLC raised its holdings in EOG Resources by 84.6% in the 3rd quarter. 1900 Wealth Management LLC now owns 5,459 shares of the energy exploration company’s stock valued at $692,000 after buying an additional 2,501 shares during the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management raised its holdings in EOG Resources by 9.1% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 20,230 shares of the energy exploration company’s stock valued at $2,564,000 after buying an additional 1,682 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.