Leonteq Securities AG bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,195 shares of the energy exploration company’s stock, valued at approximately $651,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Sivia Capital Partners LLC bought a new stake in EOG Resources during the 2nd quarter valued at $258,000. Quantbot Technologies LP bought a new position in shares of EOG Resources in the second quarter worth $349,000. Gamco Investors INC. ET AL raised its position in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after buying an additional 4,485 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after buying an additional 444 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after buying an additional 15,250 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.
Analyst Ratings Changes
EOG has been the topic of a number of recent analyst reports. Scotiabank increased their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. DA Davidson increased their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Mizuho increased their price objective on EOG Resources from $147.00 to $149.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. BMO Capital Markets increased their price objective on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Finally, Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.
EOG Resources Stock Up 1.0%
EOG opened at $141.43 on Friday. The stock has a market cap of $75.33 billion, a PE ratio of 13.92 and a beta of 0.27. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The business’s fifty day simple moving average is $137.91 and its 200 day simple moving average is $120.68.
EOG Resources (NYSE:EOG – Get Free Report) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.87 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 15.4 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.
Insiders Place Their Bets
In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is owned by insiders.
Key EOG Resources News
Here are the key news stories impacting EOG Resources this week:
- Positive Sentiment: EOG expanded its share repurchase authorization to $20 billion, signaling aggressive capital returns and confidence in future cash generation.
- Positive Sentiment: The company has been highlighted for record free cash flow and its plan to return at least 70% of free cash flow to shareholders through dividends and buybacks.
- Positive Sentiment: Zacks Research upgraded EOG to Strong Buy and raised multiple earnings estimates for 2026-2028, suggesting improving profit expectations.
- Positive Sentiment: Morgan Stanley raised its price target on EOG to $160 from $155, while maintaining an equal-weight rating, reflecting slightly improved valuation expectations.
- Positive Sentiment: EOG was also added to Zacks’ Strong Buy and best income stocks lists, adding to the bullish tone around the name.
- Neutral Sentiment: Analysts continue to describe EOG as a disciplined, cash-focused oil and gas producer with ongoing international expansion and acquisitions, which supports the long-term outlook but is not an immediate catalyst.
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.
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