EOG Resources price target lowered to $165 from $172 at Truist

Truist analyst Neal Dingmann lowered the firm’s price target on EOG Resources to $165 from $172 and keeps a Buy rating on the shares. While the company has moved away from its high growth days, it remains opportunistic with regard to growth and shareholder return, the analyst tells investors in a research note. Investors have been slightly cautious about the stock on higher gas exposure with Dorado and other plays, though the same investors could start to better appreciate the lost operating metrics and continued solid shareholder return that now includes more buybacks than the historical average, the firm added.