L2 Asset Management LLC Buys 7,940 Shares of EOG Resources, Inc. $EOG

L2 Asset Management LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 69.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,355 shares of the energy exploration company’s stock after buying an additional 7,940 shares during the period. L2 Asset Management LLC’s holdings in EOG Resources were worth $2,170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors increased its position in EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after acquiring an additional 782,426 shares during the last quarter. Capital Research Global Investors lifted its holdings in EOG Resources by 0.5% in the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after acquiring an additional 122,486 shares during the period. Alliancebernstein L.P. boosted its position in EOG Resources by 4.2% in the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock worth $736,712,000 after purchasing an additional 249,984 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in EOG Resources by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after purchasing an additional 344,291 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of EOG Resources by 11.8% during the 3rd quarter. Franklin Resources Inc. now owns 5,186,343 shares of the energy exploration company’s stock valued at $581,493,000 after purchasing an additional 548,334 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG opened at $134.57 on Tuesday. The company has a 50 day simple moving average of $116.98 and a two-hundred day simple moving average of $112.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The firm has a market cap of $72.19 billion, a P/E ratio of 14.77 and a beta of 0.44. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $136.14.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio is currently 44.79%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Jefferies Financial Group upped their target price on shares of EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Susquehanna decreased their price target on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a research report on Thursday, February 26th. Raymond James Financial lifted their price target on shares of EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. Finally, Johnson Rice cut their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, December 5th. One research 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 MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $137.77.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the sale, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. The trade was a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 2,597 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $134.31, for a total transaction of $348,803.07. Following the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $13,464,040.26. This trade represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,371 shares of company stock valued at $1,294,698 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources News Roundup

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

• Positive Sentiment: Wells Fargo raised its price target to $155 and reiterated an “overweight” rating, signaling meaningful upside versus the current price; this is a strong near‑term catalyst for buyers. Article Title
• Positive Sentiment: Piper Sandler boosted its target to $144, adding to the sequence of broker upgrades that reinforce investor confidence in EOG’s earnings and cash‑flow outlook. Piper Sandler Raises EOG PT to $144
• Positive Sentiment: Barclays lifted its target to $140 while keeping an Equal Weight rating—another vote of confidence that supports the view EOG may be undervalued at current levels. Article Title
• Positive Sentiment: Coverage from outlets (CNBC/TipRanks and investment roundups) highlights EOG as a dividend‑paying energy name favored by some analysts, which can attract income‑oriented and institutional demand. Top Wall Street analysts are bullish
• Neutral Sentiment: Multiple articles and lists discuss EOG as an “undervalued” large‑cap energy stock and include it in top energy stock roundups—useful for sentiment but largely echoing analyst upgrades rather than new fundamental developments. Is EOG One of the Most Undervalued?
• Neutral Sentiment: CFO Ann Janssen sold 2,597 shares on March 12 (SEC Form 4 filed); the sale reduced her position by ~2.5% but she retains a large holding—this is worth noting but not an obvious sign of company‑level trouble. SEC Form 4
• Negative Sentiment: Zacks cut earnings estimates for EOG, which could weigh on forward expectations if other shops follow; this is the primary near‑term negative item to monitor for revisions to consensus. Zacks Cuts Earnings Estimates

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.