EOG Resources (NYSE:EOG) had its price target reduced by Morgan Stanley from $128.00 to $122.00 in a research report released on Thursday morning. They currently have a hold rating on the energy exploration company’s stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on EOG Resources from $106.00 to $113.00 and gave the stock a neutral rating in a report on Tuesday, May 1st. Zacks Investment Research downgraded EOG Resources from a buy rating to a hold rating in a report on Tuesday, July 24th. Jefferies Financial Group set a $122.00 target price on EOG Resources and gave the stock a hold rating in a report on Wednesday, July 18th. Bank of America set a $130.00 target price on EOG Resources and gave the stock a hold rating in a report on Friday, May 4th. Finally, TD Securities boosted their target price on EOG Resources from $155.00 to $160.00 and gave the stock a buy rating in a report on Friday, August 3rd. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $134.10.

NYSE EOG traded down $1.33 during trading on Thursday, reaching $114.58. 127,695 shares of the company traded hands, compared to its average volume of 3,378,261. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $71.11 billion, a price-to-earnings ratio of 101.97, a PEG ratio of 1.86 and a beta of 0.99. EOG Resources has a 1-year low of $81.99 and a 1-year high of $131.60.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $3.95 billion. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The company’s quarterly revenue was up 62.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 earnings per share. analysts predict that EOG Resources will post 5.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.77%. The ex-dividend date is Tuesday, October 16th. This is a boost from EOG Resources’s previous quarterly dividend of $0.19. EOG Resources’s payout ratio is 66.07%.

In related news, President Gary L. Thomas sold 55,886 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $118.27, for a total value of $6,609,637.22. Following the completion of the transaction, the president now owns 1,131,797 shares in the company, valued at approximately $133,857,631.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William R. Thomas sold 57,065 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $122.36, for a total transaction of $6,982,473.40. Following the completion of the transaction, the chief executive officer now owns 755,519 shares of the company’s stock, valued at approximately $92,445,304.84. The disclosure for this sale can be found here. Insiders sold a total of 114,815 shares of company stock valued at $13,821,159 in the last 90 days. 0.51% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of EOG. Neville Rodie & Shaw Inc. bought a new stake in shares of EOG Resources during the 2nd quarter valued at $1,231,000. Providence Capital Advisors LLC raised its position in shares of EOG Resources by 4.6% during the 1st quarter. Providence Capital Advisors LLC now owns 18,818 shares of the energy exploration company’s stock valued at $1,981,000 after acquiring an additional 824 shares during the last quarter. First American Trust FSB bought a new stake in shares of EOG Resources during the 2nd quarter valued at $4,781,000. Toronto Dominion Bank raised its position in shares of EOG Resources by 25.0% during the 1st quarter. Toronto Dominion Bank now owns 314,587 shares of the energy exploration company’s stock valued at $33,109,000 after acquiring an additional 62,868 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC raised its position in shares of EOG Resources by 53.6% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 16,037 shares of the energy exploration company’s stock valued at $1,995,000 after acquiring an additional 5,598 shares during the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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