The price target for EOG (NYSE:EOG) resources has been raised by Citigroup analysts to $160.00

According to The Fly, Citigroup equity analysts raised EOG Resources’ (NYSE:EOG) price target from $150.00 to $160.00 on Tuesday. Based on Citigroup’s target price, the stock could rise 14.40% from its most recent close.

Equity research professionals have recently evaluated EOG along with other stocks. BMO Capital Markets raised its price target on EOG Resources in a report released Friday, November 11, from $145.00 to $160.00. In a report released Friday, Nov. 11, Royal Bank of Canada upgraded EOG Resources’ “sector performance” rating and raised its price target for the stock from $155.00 to $158.00. In a report released Thursday, September 15, JPMorgan Chase & Co. raised its price target for EOG Resources shares from $152.00 to $156.00 a report released Friday, November 11, from $145.00 at $160.00. In a report released Friday, Nov. 11, Royal Bank of Canada upgraded EOG Resources’ “sector performance” rating and raised its price target for the stock from $155.00 to $158.00. In a report released Thursday, September 15, JPMorgan Chase & Co. raised its price target for EOG Resources shares from $152.00 to $156.00. Truist Financial maintained a “buy” rating on Monday, August 15, while lowering its target price on EOG Resources shares from $182.00 to $175.00. Raymond James lowered his price target on EOG Resources shares from $160.00 to $155.00 in a research note released Monday, October 24. They still maintain a “Strong Buy” rating on the company. The stock has a Buy rating from 18 experts, a strong Buy rating from one analyst and a Hold recommendation from three equity research analysts. According to Bloomberg, the company now has a Moderate Buy consensus rating and a consensus target price of $156.68.
The opening price of EOG Resources shares on Tuesday was $139.86. The 1-year high and low prices for EOG Resources were $150.88 and $80.67 respectively. The company’s debt ratio, quick ratio and current ratio are 0.16, 1.62 and 1.78 respectively. The company has a market value of $82.15 billion, a P/E ratio of 10.99, a PE/G ratio of 0.35 and a beta of 1.54. The company’s 50-day moving average is $129.11 and its 200-day moving average is $121.92.
Additionally, Executive Vice President Kenneth W. Boedeker sold 1,995 shares of the company on November 7. The stock was sold at an average price of $145.09 for a total transaction value of $289,454.55. The executive vice president now owned 20,978 shares of the company, which at the time the transaction closed was trading on the open market for $3,043,698.02. You can view the document describing the transaction on the website of the Securities and Exchange Commission (SEC). Kenneth W. Boedeker, EVP, sold 1,995 shares of EOG Resources on November 7. The stock was sold at an average price of $145.09 for a total transaction value of $289,454.55. As a result of the transaction, the executive vice president now directly owns 20,978 shares of the company, valued at approximately $3,043,698.02. You can access documents filed by the Securities and Exchange Commission describing the transaction by clicking this link. Additionally, COO Lloyd W. Helms, Jr. sold 2,720 shares of the company on November 7. After the acquisition, the chief operating officer now directly owns 156,368 shares for $146.08 per share, or $22,842,237.44, according to the stock market. The disclosure of this sale is available here. Currently, insiders hold 0.40% of the shares.

Recent changes or gains in EOG’s significant investor holdings FourThought Financial LLC increased its stake in EOG Resources by 20.4% during the third quarter. FourThought Financial LLC now directly owns 719 shares of the oil exploration company, valued at $80,000, after acquiring 122 new shares in the last quarter. Ninepoint Partners LP increased its stake in EOG Resources by 14.3% during the third quarter. Ninepoint Partners LP now owns 120,000 shares of the oil exploration company, valued at $13,408,000, after acquiring an additional 15,000 shares in the last quarter. Alamar Capital Management LLC increased its stake in EOG Resources by 14.3% during the third quarter. Alamar Capital Management LLC now owns 22,697 shares of the oil exploration company, valued at $2,536,000, after acquiring 2,842 additional shares during the quarter. The National Pension Service increased its stake in EOG Resources by 3.8% during the third quarter. During the past quarter, the National Pension Service purchased an additional 38,827 shares, bringing its total stock acquisition to $1,056,131 at $119,311,000. Central Trust Company increased its stake in EOG Resources by 0.8% during the third quarter. After all acquisitions and sales for the quarter are complete, Central Trust Co. directly owns 9,118 shares in the oil exploration sector, with a market value of $1,019,000. The institutions hold 86.30% of the company’s capital.

EOG Resources, Inc., together with its subsidiaries, researches, develops, produces and sells crude oil, natural gas and natural gas liquids. The majority of petroleum, natural gas, and natural gas liquids are produced in Texas, New Mexico, and the Republic of Trinidad and Tobago in the United States. The Republic of Trinidad and Tobago, Texas, and New Mexico produce the most in the United States. As of December 31, 2021, projected net proved reserves totaled 3,747 million barrels of oil equivalent, comprising 1,548 million barrels of crude oil and condensate, 829 million barrels of natural gas liquids and 8,222 billion cubic feet of natural gas.

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