Gabelli Funds LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 21.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 146,100 shares of the energy exploration company’s stock after selling 40,400 shares during the quarter. Gabelli Funds LLC’s holdings in EOG Resources were worth $18,954,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of EOG Resources during the 2nd quarter worth approximately $5,905,587,000. Bank of New York Mellon Corp acquired a new position in EOG Resources in the second quarter valued at approximately $654,899,000. Deutsche Bank AG acquired a new position in EOG Resources in the second quarter valued at approximately $251,102,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in EOG Resources in the second quarter worth approximately $168,029,000. Finally, Arrowstreet Capital Limited Partnership grew its position in EOG Resources by 898.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock worth $205,411,000 after acquiring an additional 1,278,555 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources News Roundup
Here are the key news stories impacting EOG Resources this week:
- Positive Sentiment: Higher earnings estimates: Zacks Research raised its forecasts for EOG’s third-quarter 2026 EPS to $4.42 from $3.87, fiscal 2026 EPS to $16.78 from $15.59, first-quarter 2027 EPS to $4.08 from $3.47, third-quarter 2027 EPS to $3.35 from $3.03, and fiscal 2027 EPS to $14.03 from $13.05. These revisions indicate stronger projected profitability across several periods. MarketBeat EOG estimates
- Positive Sentiment: Value appeal: Zacks highlighted EOG as a strong value stock, which may attract investors seeking a relatively inexpensive energy producer with earnings support. The company’s reported valuation metrics include a P/E ratio near 12 and a price-to-earnings-growth ratio below 1. Here’s Why EOG Resources Is a Strong Value Stock
- Neutral Sentiment: Upcoming earnings focus: Analysts have published predictions for EOG’s fourth-quarter results. The estimates could influence the stock as investors assess commodity prices, production trends and the sustainability of recent earnings strength. Analysts Offer Predictions for EOG Resources Q4 Earnings
- Negative Sentiment: Longer-term estimate reduction: Zacks cut its second-quarter 2028 EPS forecast to $3.10 from $3.49, signaling some concern about earnings normalization beyond fiscal 2027. Zacks continues to rate EOG “Hold,” tempering the bullish impact of the other estimate increases. MarketBeat EOG estimates
Analysts Set New Price Targets
Read Our Latest Analysis on EOG
EOG Resources Stock Up 0.6%
EOG Resources stock opened at $153.06 on Friday. The firm has a market capitalization of $80.28 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.57 and a beta of 0.25. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67. The stock’s fifty day simple moving average is $138.75 and its 200-day simple moving average is $135.00.
EOG Resources (NYSE:EOG – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the business posted $2.32 EPS. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio is currently 31.75%.
EOG Resources 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.
Read More
- Five stocks we like better than EOG Resources
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG – Free Report).
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.
