Inspire Investing LLC cut its position in EOG Resources, Inc. (NYSE:EOG – Free Report) by 9.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,336 shares of the energy exploration company’s stock after selling 4,801 shares during the period. Inspire Investing LLC’s holdings in EOG Resources were worth $6,521,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of EOG. SJS Investment Consulting Inc. lifted its stake 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 acquiring an additional 124 shares during the period. Byrne Asset Management LLC increased its stake in shares of EOG Resources by 469.4% in the third quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 169 shares during the period. Financial Life Planners acquired a new stake in shares of EOG Resources in the first quarter worth $30,000. Wedbush Fund Advisers LLC acquired a new stake in shares of EOG Resources in the second quarter worth $31,000. Finally, Global Assets Advisory LLC purchased a new position in shares of EOG Resources during the first quarter worth $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.
More EOG Resources News
Here are the key news stories impacting EOG Resources this week:
- Positive Sentiment: Susquehanna raised its price target for EOG Resources to $187, signaling expectations for additional upside. The firm’s bullish view provides a positive catalyst for the stock. EOG Resources stock: Susquehanna raises target to USD 187.00
- Positive Sentiment: A separate report from Susquehanna forecasts strong price appreciation for EOG, reinforcing the constructive analyst sentiment surrounding the oil and gas producer. Susquehanna Forecasts Strong Price Appreciation for EOG Resources
- Positive Sentiment: Higher oil prices are supporting broader upstream energy sentiment. Recent industry coverage points to stronger oil prices benefiting producers, although geopolitical disruptions could raise operating costs and pressure profitability. Can Baker Hughes Keep Its Winning Streak Alive in Q3 Earnings?
- Neutral Sentiment: EOG recently reported quarterly EPS and revenue above analyst expectations, with revenue up sharply year over year. Analysts currently expect approximately $17.48 in full-year EPS, providing fundamental support for the shares.
- Neutral Sentiment: EOG has reached a new high, prompting investors to assess whether further gains are justified by oil prices, earnings momentum, and valuation. EOG Resources Hits a New High: Is More Upside Ahead?
- Negative Sentiment: Zacks Research reduced its EOG EPS estimates for both the first and second quarters of 2028, to $2.48 from $2.80 and to $2.77 from $2.90, respectively. The cuts indicate some caution about future earnings, despite Zacks retaining a “Strong-Buy” rating.
EOG Resources Price Performance
Shares of NYSE EOG opened at $163.18 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market capitalization of $85.59 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.56 and a beta of 0.36. The firm’s 50 day simple moving average is $147.62 and its 200-day simple moving average is $140.81. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $165.11.
EOG Resources (NYSE:EOG – Get Free Report) last posted its earnings results 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 net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the previous year, the business posted $2.32 EPS. The business’s revenue was up 57.4% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 17.48 EPS for the current year.
EOG Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. EOG Resources’s dividend payout ratio is 31.75%.
Wall Street Analysts Forecast Growth
EOG has been the subject of a number of research reports. Roth Capital restated a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a research report on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating and set a $186.00 price target (up from $183.00) on shares of EOG Resources in a research report on Friday, October 9th. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Scotiabank assumed coverage on EOG Resources in a report on Wednesday, October 14th. They issued a “sector perform” rating and a $144.00 price objective for the company. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $186.00 price objective (up from $183.00) on shares of EOG Resources in a report on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $161.24.
View Our Latest Research Report on EOG
Insider Transactions at EOG Resources
In related news, EVP Michael P. Donaldson sold 7,336 shares of EOG Resources stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president owned 100,558 shares in the company, valued at $14,882,584. The trade was a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,317 shares of company stock valued at $7,823,480 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.
EOG Resources Company Profile
EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.
The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.
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