Cibc World Market Inc. Reduces Stake in EOG Resources, Inc. $EOG

Posted by Geri Gentry on Aug 24th, 2026

Cibc World Market Inc. reduced its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 6.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 319,499 shares of the energy exploration company’s stock after selling 23,647 shares during the quarter. Cibc World Market Inc.’s holdings in EOG Resources were worth $41,449,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources in the fourth quarter worth $25,000. SJS Investment Consulting Inc. increased its position in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the period. Prosperity Bancshares Inc bought a new position in EOG Resources in the 4th quarter worth $26,000. Nemes Rush Group LLC bought a new position in EOG Resources in the 4th quarter worth $30,000. Finally, Financial Life Planners purchased a new stake in shares of EOG Resources in the 1st quarter worth about $30,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

More EOG Resources News

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

A number of brokerages have recently weighed in on EOG. Wall Street Zen lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Susquehanna reissued a “positive” rating and issued a $170.00 price target (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. Freedom Capital lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Stephens cut their price objective on EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $183.00 target price on shares of EOG Resources in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $155.41.

Read Our Latest Stock Analysis on EOG

EOG Resources Stock Performance

Shares of EOG stock opened at $153.06 on Monday. The company’s fifty day moving average price is $138.75 and its 200-day moving average price is $135.19. The stock has a market cap of $80.28 billion, a PE ratio of 11.91, a price-to-earnings-growth 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 12 month low of $101.59 and a 12 month high of $153.67.

EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same period last year, the business earned $2.32 EPS. EOG Resources’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, equities analysts expect that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio is 31.75%.

About EOG Resources

(Free Report)

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.