EOG Resources, Inc. (NYSE:EOG – Free Report) – Analysts at Capital One Financial lowered their FY2026 earnings per share estimates for EOG Resources in a research report issued to clients and investors on Wednesday, December 18th. Capital One Financial analyst P. Johnston now expects that the energy exploration company will earn $11.63 per share for the year, down from their prior estimate of $11.73. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share.
EOG has been the topic of a number of other reports. Piper Sandler dropped their target price on shares of EOG Resources from $149.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Tuesday, November 12th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Friday. Raymond James upped their price target on shares of EOG Resources from $156.00 to $167.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Barclays decreased their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $143.50.
EOG Resources Stock Performance
Shares of EOG Resources stock opened at $119.04 on Thursday. EOG Resources has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a market capitalization of $66.95 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29. The stock’s fifty day moving average is $128.12 and its two-hundred day moving average is $126.33. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.
EOG Resources Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.28%. EOG Resources’s dividend payout ratio (DPR) is 31.40%.
EOG Resources announced that its board has authorized a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling at EOG Resources
In other news, Director Janet F. Clark sold 568 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.
Institutional Investors Weigh In On EOG Resources
Large investors have recently made changes to their positions in the stock. DRW Securities LLC grew its position in EOG Resources by 98.6% in the third quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock worth $3,299,000 after acquiring an additional 13,324 shares during the period. Caprock Group LLC boosted its stake in shares of EOG Resources by 7.7% in the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock valued at $1,489,000 after buying an additional 862 shares during the period. World Investment Advisors LLC acquired a new position in shares of EOG Resources during the third quarter worth about $730,000. University of Texas Texas AM Investment Management Co. increased its stake in shares of EOG Resources by 3,976.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock worth $1,370,000 after buying an additional 10,618 shares during the period. Finally, KBC Group NV raised its holdings in shares of EOG Resources by 11.4% in the 3rd quarter. KBC Group NV now owns 119,132 shares of the energy exploration company’s stock valued at $14,645,000 after purchasing an additional 12,210 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.
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