Healthcare of Ontario Pension Plan Trust Fund reduced its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 47.0% during the 1st quarter, Holdings Channel reports. The fund owned 409,080 shares of the energy exploration company’s stock after selling 362,369 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in EOG Resources were worth $59,141,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its holdings in EOG Resources by 898.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock worth $205,411,000 after buying an additional 1,278,555 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of EOG Resources by 24.2% in the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after acquiring an additional 1,257,110 shares during the last quarter. First Trust Advisors LP raised its position in shares of EOG Resources by 70.5% during the 4th quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after acquiring an additional 1,231,366 shares in the last quarter. Marshall Wace LLP raised its position in shares of EOG Resources by 474.7% during the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after acquiring an additional 1,088,867 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in EOG Resources by 23.9% during the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after purchasing an additional 901,897 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.
Key Stories Impacting EOG Resources
Here are the key news stories impacting EOG Resources this week:
- Positive Sentiment: Zacks Research raised its Q2 2026 EPS estimate to $4.80 from $4.67, signaling improved expectations for near-term profitability.
- Positive Sentiment: The firm also increased its Q4 2026 EPS estimate to $3.50 from $3.36 and lifted its Q1 2028 and FY2028 EPS forecasts, which suggests a somewhat better longer-term earnings outlook.
- Neutral Sentiment: Zacks Research kept a Hold rating on EOG, so the updates were not an outright bullish recommendation despite the higher estimates.
- Negative Sentiment: Some forecasts were reduced, including Q3 2026 EPS, Q1 2027 EPS, Q2 2027 EPS, FY2026 EPS and FY2027 EPS, which could temper enthusiasm about future earnings growth.
EOG Resources Stock Performance
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the firm earned $2.87 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities research analysts forecast that EOG Resources, Inc. will post 16.16 EPS for the current year.
EOG Resources Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.
Analyst Upgrades and Downgrades
EOG has been the subject of a number of research analyst reports. Sanford C. Bernstein lowered their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. Williams Trading set a $177.00 price objective on shares of EOG Resources in a research report on Monday, April 20th. Raymond James Financial reduced their price objective on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a research report on Monday, June 22nd. Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Finally, Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $155.32.
Check Out Our Latest Stock Report on EOG Resources
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.
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