Wells Fargo & Company Trims EOG Resources (NYSE:EOG) Target Price to $135.00

by · The Cerbat Gem

EOG Resources (NYSE:EOG – Free Report) had its price objective trimmed by Wells Fargo & Company from $140.00 to $135.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the energy exploration company’s stock.

A number of other research analysts also recently commented on EOG. Evercore ISI dropped their price objective on shares of EOG Resources from $150.00 to $145.00 and set an outperform rating for the company in a research note on Monday, September 30th. UBS Group cut their target price on shares of EOG Resources from $167.00 to $154.00 and set a buy rating on the stock in a report on Wednesday, September 18th. Scotiabank dropped their price objective on shares of EOG Resources from $155.00 to $150.00 and set a sector perform rating on the stock in a report on Friday, July 12th. Sanford C. Bernstein reduced their target price 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. Finally, Piper Sandler decreased their price objective on EOG Resources from $154.00 to $147.00 and set an overweight rating for the company in a report on Thursday, August 15th. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $142.15.

Get Our Latest Stock Report on EOG

EOG Resources Stock Performance

NYSE EOG opened at $133.12 on Tuesday. The company has a fifty day moving average of $125.16 and a two-hundred day moving average of $126.91. The company has a market capitalization of $76.51 billion, a PE ratio of 10.52, a P/E/G ratio of 3.27 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG – Get Free Report) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 earnings per share. As a group, analysts expect that EOG Resources will post 11.91 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.73%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Transactions at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on 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 directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EOG. Riverview Trust Co purchased a new stake in shares of EOG Resources in the second quarter worth $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the 2nd quarter valued at about $28,000. Gladius Capital Management LP bought a new stake in EOG Resources in the second quarter worth $30,000. Triad Wealth Partners LLC bought a new stake in EOG Resources in the second quarter worth about $35,000. Finally, Norwood Financial Corp bought a new stake in shares of EOG Resources during the 1st quarter worth approximately $37,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Company Profile

(Get Free Report)

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.

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