EOG Resources (NYSE:EOG) Price Target Lowered to $134.00 at Wolfe Research

by · The Cerbat Gem

EOG Resources (NYSE:EOG – Get Free Report) had its target price lowered by Wolfe Research from $138.00 to $134.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has an “outperform” rating on the energy exploration company’s stock. Wolfe Research’s price objective points to a potential upside of 25.41% from the company’s previous close.

EOG has been the topic of several other reports. Piper Sandler decreased their price objective on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. BMO Capital Markets dropped their target price on shares of EOG Resources from $130.00 to $126.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Wells Fargo & Company decreased their price target on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $153.00 price objective on shares of EOG Resources in a research report on Wednesday, December 3rd. Finally, Evercore ISI raised their target price on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $138.14.

Check Out Our Latest Research Report on EOG Resources

EOG Resources Trading Up 0.6%

Shares of EOG stock opened at $106.85 on Monday. The company has a market capitalization of $57.98 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 8.41 and a beta of 0.49. The company has a 50-day simple moving average of $106.75 and a two-hundred day simple moving average of $113.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources has a 52-week low of $101.59 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. EOG Resources’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.89 EPS. Research analysts anticipate that EOG Resources will post 11.47 EPS for the current fiscal year.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds have recently made changes to their positions in EOG. Integrated Wealth Concepts LLC lifted its stake in shares of EOG Resources by 15.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,438 shares of the energy exploration company’s stock valued at $826,000 after purchasing an additional 853 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EOG Resources by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 113,473 shares of the energy exploration company’s stock worth $14,549,000 after acquiring an additional 2,713 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of EOG Resources by 16.3% in the 1st quarter. NewEdge Advisors LLC now owns 22,336 shares of the energy exploration company’s stock valued at $2,864,000 after purchasing an additional 3,132 shares during the last quarter. UniSuper Management Pty Ltd increased its position in EOG Resources by 3.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 41,747 shares of the energy exploration company’s stock valued at $5,354,000 after acquiring an additional 1,342 shares during the period. Finally, Caxton Associates LLP purchased a new position in EOG Resources during the first quarter worth about $1,636,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Company Profile

(Get Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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