EOG Resources (NYSE:EOG) Given New $134.00 Price Target at Citigroup

EOG Resources (NYSE:EOG) had its target price boosted by analysts at Citigroup from $127.00 to $134.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the energy exploration company’s stock. Citigroup’s price target points to a potential upside of 1.59% from the stock’s current price.

A number of other research firms have also weighed in on EOG. JPMorgan Chase & Co. cut their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Evercore ISI reduced their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. KeyCorp lowered their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price objective on shares of EOG Resources from $135.00 to $147.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $144.20.

EOG Resources Trading Down 0.1 %

Shares of EOG Resources stock traded down $0.08 during trading hours on Tuesday, hitting $131.90. The company’s stock had a trading volume of 742,326 shares, compared to its average volume of 3,123,993. The firm has a fifty day moving average of $128.16 and a 200-day moving average of $126.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market cap of $74.19 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 3.62 and a beta of 1.28. EOG Resources has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources announced that its board has initiated a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now directly owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Institutional Trading of EOG Resources

Institutional investors have recently added to or reduced their stakes in the business. Insight Inv LLC boosted its holdings in shares of EOG Resources by 0.8% during the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after acquiring an additional 75 shares during the period. Cape ANN Savings Bank increased its stake in EOG Resources by 0.9% during the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after buying an additional 79 shares during the period. CVA Family Office LLC lifted its stake in shares of EOG Resources by 11.0% in the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after acquiring an additional 81 shares during the period. Bailard Inc. boosted its holdings in shares of EOG Resources by 0.4% in the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after acquiring an additional 81 shares in the last quarter. Finally, Everpar Advisors LLC increased its stake in shares of EOG Resources by 3.6% during the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock valued at $293,000 after acquiring an additional 83 shares during the period. Institutional investors 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.