PNC Financial Services Group Inc. Has $20.07 Million Stake in EOG Resources, Inc. $EOG

PNC Financial Services Group Inc. decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 9.9% in the fourth quarter, Holdings Channel reports. The fund owned 191,129 shares of the energy exploration company’s stock after selling 21,111 shares during the period. PNC Financial Services Group Inc.’s holdings in EOG Resources were worth $20,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. Sivia Capital Partners LLC acquired a new position in EOG Resources during the 2nd quarter worth $258,000. Quantbot Technologies LP acquired a new position in EOG Resources during the 2nd quarter worth $349,000. Gamco Investors INC. ET AL lifted its position in EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho boosted their price objective on shares of EOG Resources from $147.00 to $149.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Raymond James Financial boosted their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, March 27th. Wells Fargo & Company set a $196.00 price objective on shares of EOG Resources and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Capital One Financial boosted their price objective on shares of EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a report on Thursday, March 26th. Finally, Truist Financial boosted their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.64.

Trending Headlines about EOG Resources

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.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was 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 currently owned by insiders.

EOG Resources Stock Performance

NYSE EOG opened at $141.43 on Friday. The stock has a market cap of $75.33 billion, a P/E ratio of 13.92 and a beta of 0.27. The company’s 50-day simple moving average is $137.91 and its 200 day simple moving average is $120.68. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. 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 (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share 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 net margin of 23.01% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.87 earnings per share. As a group, research analysts forecast that EOG Resources, Inc. will post 15.4 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s payout ratio is presently 40.16%.

About EOG Resources

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.