EOG Resources (NYSE:EOG) Rating Lowered to “Hold” at Freedom Capital

EOG Resources (NYSE:EOG) was downgraded by equities research analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

EOG has been the subject of a number of other reports. Wall Street Zen cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Capital One Financial cut their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Truist Financial increased their price objective on shares of EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a report on Thursday. Finally, DA Davidson boosted their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $156.32.

EOG Resources Stock Up 1.5%

Shares of EOG opened at $136.21 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 1.85. EOG Resources has a one year low of $101.59 and a one year high of $151.87. The stock has a market capitalization of $71.45 billion, a price-to-earnings ratio of 10.60 and a beta of 0.25. The stock has a 50 day moving average price of $137.21 and a 200 day moving average price of $132.35.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter last year, the firm posted $2.32 EPS. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. Equities research analysts forecast that EOG Resources will post 16.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Vanguard Group Inc. lifted its stake in shares of EOG Resources by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares during the last quarter. State Street Corp increased its position in shares of EOG Resources by 0.3% during the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after purchasing an additional 100,080 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of EOG Resources by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after purchasing an additional 371,548 shares during the last quarter. Geode Capital Management LLC raised its holdings in EOG Resources by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock valued at $1,364,309,000 after buying an additional 95,260 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in EOG Resources by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after buying an additional 122,112 shares during the period. Institutional investors and hedge funds 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: Quarterly earnings beat expectations: EOG reported adjusted earnings of $5.07 per share, ahead of the $4.97 consensus estimate. Revenue rose 57.4% year over year to $8.62 billion, supported by higher oil prices and a 24.4% increase in production. Net income more than doubled, while strong free cash flow reinforces the company’s ability to fund growth and return capital. EOG Q2 Earnings Beat Estimates on Higher Volumes & Prices
• Positive Sentiment: UAE exploration is progressing well: EOG highlighted positive results from UAE wells, potentially opening an additional international growth avenue. Management emphasized selective development, cost discipline and flexibility rather than pursuing growth at any price. EOG Q2 Earnings Call Highlights UAE Progress & Cost Discipline
• Positive Sentiment: Longer-term inventory and shareholder-return outlook improved: EOG’s expanded Austin Chalk position is expected to add roughly a year of drilling inventory. The company also declared a quarterly dividend of $1.02 per share, equivalent to $4.08 annually and an approximately 3.0% yield. EOG Accumulates Austin Chalk Position
• Neutral Sentiment: 2026 spending plan balances growth and capital discipline: EOG plans approximately $6.5 billion in capital expenditures to target 5% oil production growth while advancing UAE appraisal work. The plan supports expansion, but investors will monitor whether spending delivers attractive returns amid changing commodity prices. EOG 2026 Plan
• Neutral Sentiment: Analyst view improved, but conviction remains limited: Truist raised its price target from $134 to $153 while maintaining a “hold” rating, implying additional valuation upside but signaling that the firm does not yet recommend buying aggressively.

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.