EOG Resources (NYSE:EOG) Upgraded by Zacks Research to “Hold” Rating

EOG Resources (NYSE:EOG) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on EOG. Citigroup restated a “neutral” rating and set a $115.00 target price (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Susquehanna reduced their target price on EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a report on Thursday, February 26th. Jefferies Financial Group increased their price target on EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Monday. Finally, Raymond James Financial lifted their price objective on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $135.85.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $128.09 on Monday. The company has a market capitalization of $68.72 billion, a price-to-earnings ratio of 14.06 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $112.19 and its 200-day simple moving average is $111.82. EOG Resources has a 52 week low of $101.59 and a 52 week high of $131.32.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter last year, the company earned $2.74 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. As a group, analysts expect that EOG Resources will post 11.47 earnings per share for the current fiscal year.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently made changes to their positions in EOG. Cullen Capital Management LLC raised its position in EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after purchasing an additional 25,753 shares in the last quarter. Rockland Trust Co. increased its stake in shares of EOG Resources by 5.1% during the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after buying an additional 11,965 shares during the period. Railway Pension Investments Ltd increased its stake in shares of EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after buying an additional 28,800 shares during the period. AlphaQuest LLC raised its holdings in shares of EOG Resources by 1,413.5% in the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after acquiring an additional 23,846 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in EOG Resources by 21.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after acquiring an additional 11,442 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Key Headlines Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: Multiple brokerages raised price targets and kept constructive ratings, providing near‑term upside and supporting buy interest: BMO raised its PT to $140 and kept an “outperform” rating. BMO raises PT to $140
• Positive Sentiment: UBS raised its price target to $149 and maintained a “buy” rating, signaling further upside expectations from a major bank. UBS raises PT to $149
• Positive Sentiment: Jefferies increased its target to $146 and reiterated a “buy” rating, adding to the cluster of upward revisions from sell‑side analysts. Jefferies raises PT to $146
• Neutral Sentiment: EOG presented at the Raymond James institutional conference; the transcript provides management commentary on operations, capital allocation and 2026 priorities that investors will parse for guidance on production, costs and returns. Conference transcript
• Neutral Sentiment: Analysis pieces are flagging recent share‑price momentum and asking whether fundamentals justify the gains; this encourages re‑valuation work and short‑term reassessment by investors. Valuation assessment
• Neutral Sentiment: Macro/sector note: a Venture Global earnings beat on higher LNG volumes was reported today — relevant for energy sentiment but not directly tied to EOG’s upstream oil/gas fundamentals. Venture Global Q4 results
• Negative Sentiment: Coverage pieces note EOG has underperformed the Dow over the past year, a headline that can pressure sentiment and lead to relative‑performance selling despite company‑level positives. Yahoo: underperforming the Dow
• Negative Sentiment: Similar commentary from Barchart reiterates the underperformance narrative, which may amplify short‑term weakness as momentum investors rotate. Barchart: underperformance

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.