EOG Resources (NYSE:EOG) Given New $125.00 Price Target at Citigroup

EOG Resources (NYSE:EOG) had its target price reduced by equities researchers at Citigroup from $134.00 to $125.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the energy exploration company’s stock. Citigroup’s target price suggests a potential upside of 0.61% from the company’s current price.

A number of other equities analysts have also recently commented on EOG. Truist Financial lifted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Piper Sandler reduced their price target on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Williams Trading set a $154.00 price objective on EOG Resources in a report on Wednesday, March 5th. Bank of America reaffirmed a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.43.

EOG Resources Stock Up 0.3 %

EOG stock traded up $0.32 during trading hours on Monday, reaching $124.24. 1,796,512 shares of the stock were exchanged, compared to its average volume of 2,946,880. EOG Resources has a 12 month low of $115.78 and a 12 month high of $139.67. The company has a market cap of $68.82 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 3.58 and a beta of 1.25. The firm’s 50-day moving average is $129.55 and its 200-day moving average is $127.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. On average, equities research analysts expect that EOG Resources will post 11.47 earnings per share for the current year.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of EOG Resources

Several hedge funds have recently added to or reduced their stakes in EOG. DRW Securities LLC boosted its holdings in shares of EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock worth $3,299,000 after buying an additional 13,324 shares during the period. Caprock Group LLC raised its holdings in EOG Resources by 7.7% during the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after purchasing an additional 862 shares during the last quarter. World Investment Advisors LLC acquired a new position in EOG Resources during the 3rd quarter worth approximately $730,000. Mountain Lake Investment Management LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $735,000. Finally, Oak Ridge Investments LLC grew its stake in shares of EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after acquiring an additional 2,311 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Company Profile

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.