Commerce Bank lifted its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 22.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 124,284 shares of the energy exploration company’s stock after buying an additional 22,738 shares during the quarter. Commerce Bank’s holdings in EOG Resources were worth $16,123,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of EOG. SJS Investment Consulting Inc. boosted its stake in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares in the last quarter. Financial Life Planners acquired a new position in EOG Resources during the first quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new position in EOG Resources during the fourth quarter worth $25,000. Prosperity Bancshares Inc acquired a new position in EOG Resources during the fourth quarter worth $26,000. Finally, Global Assets Advisory LLC bought a new position in shares of EOG Resources during the first quarter valued at $37,000. Institutional investors own 89.91% of the company’s stock.
EOG Resources Trading Up 0.6%
Shares of EOG opened at $153.06 on Friday. The stock has a fifty day moving average price of $138.75 and a two-hundred day moving average price of $135.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $153.67. The company has a market cap of $80.28 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.57 and a beta of 0.25.
EOG Resources Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.7%. EOG Resources’s dividend payout ratio is 31.75%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on EOG. Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. DA Davidson increased their target price on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley set a $157.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a report on Wednesday. The Goldman Sachs Group reduced their price target on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Finally, Citigroup decreased their price objective on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $155.41.
Check Out Our Latest Stock Report on EOG Resources
Trending Headlines about EOG Resources
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
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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