EOG Resources Q1 EPS Increased by Capital One Financial

EOG Resources, Inc. (NYSE:EOG) – Equities research analysts at Capital One Financial boosted their Q1 2025 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 post earnings of $2.41 per share for the quarter, up from their prior forecast of $2.39. The consensus estimate for EOG Resources’ current full-year earnings is $11.47 per share.

EOG has been the subject of a number of other research reports. UBS Group lowered their price target on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Monday, October 14th. JPMorgan Chase & Co. cut their price target on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Barclays decreased their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, KeyCorp dropped their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $143.50.

EOG Resources Trading Up 0.7 %

EOG opened at $119.04 on Friday. EOG Resources has a 1-year low of $108.94 and a 1-year high of $139.67. The stock has a market capitalization of $66.95 billion, a PE ratio of 9.58, a PEG ratio of 3.39 and a beta of 1.29. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $128.12 and a two-hundred day moving average price of $126.38.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.28%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s payout ratio is presently 31.40%.

EOG Resources declared that its Board of Directors 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 purchase up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 568 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On EOG Resources

Several institutional investors have recently added to or reduced their stakes in EOG. Northwest Investment Counselors LLC bought a new position in EOG Resources during the 3rd quarter worth about $26,000. Eastern Bank bought a new position in shares of EOG Resources during the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new stake in EOG Resources in the 3rd quarter valued at approximately $31,000. HM Payson & Co. lifted its stake in EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock valued at $40,000 after acquiring an additional 220 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in EOG Resources during the 3rd quarter worth approximately $43,000. 89.91% of the stock is owned by 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.