Sumitomo Mitsui Trust Group Inc. cut its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 4.2% in the first quarter, Holdings Channel.com reports. The firm owned 1,373,486 shares of the energy exploration company’s stock after selling 59,714 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in EOG Resources were worth $198,565,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the 4th quarter valued at about $25,000. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $26,000. SJS Investment Consulting Inc. increased its holdings in shares of EOG Resources by 225.5% in the first 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 last quarter. Nemes Rush Group LLC acquired a new position in EOG Resources in the 4th quarter valued at about $30,000. Finally, Gen Wealth Partners Inc acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources Price Performance
Shares of NYSE:EOG opened at $133.53 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The company has a market cap of $71.12 billion, a price-to-earnings ratio of 13.14 and a beta of 0.25. The firm has a 50 day simple moving average of $135.69 and a 200 day simple moving average of $127.28.
EOG Resources Announces Dividend
The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.1%. EOG Resources’s payout ratio is currently 40.16%.
Trending Headlines about EOG Resources
Here are the key news stories impacting EOG Resources this week:
- Positive Sentiment: Several recent analyst estimate revisions were constructive, with Zacks Research lifting earnings forecasts for 2026 and 2027 periods, suggesting expectations for EOG’s near-term profitability remain solid.
- Positive Sentiment: One valuation-focused article argued that EOG still looks below fair value, which may support longer-term investor interest if crude prices remain stable.
- Neutral Sentiment: There was no fresh operational update from EOG today; the stock appears to be moving mainly on broader oil-market sentiment and commodity-price expectations.
- Neutral Sentiment: Market commentary pointed to easing oil supply concerns after OPEC+ signaled additional barrels could return to the market, which can pressure upstream producers like EOG.
- Negative Sentiment: Citigroup lowered its price target on EOG to $141 from $147 while keeping a neutral rating, reinforcing a more cautious near-term view from Wall Street.
- Negative Sentiment: Rising supply expectations in crude markets may weigh on EOG’s shares because the company’s cash flow and earnings are closely tied to benchmark oil prices.
Analyst Ratings Changes
Several equities analysts recently commented on EOG shares. Citigroup lowered their price target on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Wednesday. Raymond James Financial dropped their price objective on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a report on Monday, June 22nd. UBS Group cut their target price on EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Williams Trading set a $177.00 target price on EOG Resources in a report on Monday, April 20th. Finally, Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.04.
Check Out Our Latest Report on EOG Resources
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.
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