Capital One Financial Comments on EOG Resources Q4 Earnings

EOG Resources, Inc. (NYSE:EOG) – Stock analysts at Capital One Financial reduced their Q4 2024 earnings per share (EPS) estimates for EOG Resources in a report issued on Tuesday, November 12th. Capital One Financial analyst P. Johnston now anticipates that the energy exploration company will post earnings of $2.50 per share for the quarter, down from their prior forecast of $2.64. The consensus estimate for EOG Resources’ current full-year earnings is $11.48 per share. Capital One Financial also issued estimates for EOG Resources’ Q1 2025 earnings at $2.39 EPS, Q2 2025 earnings at $2.51 EPS, Q3 2025 earnings at $2.63 EPS, Q4 2025 earnings at $2.68 EPS, FY2025 earnings at $10.21 EPS and FY2026 earnings at $11.73 EPS.

Other equities analysts have also recently issued research reports about the company. Barclays cut their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Piper Sandler cut their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. cut their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Susquehanna cut their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Finally, KeyCorp cut their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources has an average rating of “Hold” and an average target price of $142.20.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $135.19 on Wednesday. EOG Resources has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The business has a 50-day moving average of $125.70 and a two-hundred day moving average of $125.98. The stock has a market capitalization of $76.04 billion, a P/E ratio of 10.82, a P/E/G ratio of 3.53 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio is currently 29.31%.

EOG Resources announced that its Board of Directors has approved a stock buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. This represents a 9.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in EOG Resources in the 3rd quarter valued at $59,000. Edgestream Partners L.P. acquired a new position in shares of EOG Resources in the 3rd quarter valued at $1,410,000. Eventide Asset Management LLC lifted its stake in shares of EOG Resources by 16.0% in the 3rd quarter. Eventide Asset Management LLC now owns 24,710 shares of the energy exploration company’s stock valued at $3,038,000 after purchasing an additional 3,404 shares during the period. Captrust Financial Advisors lifted its stake in shares of EOG Resources by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 590,863 shares of the energy exploration company’s stock valued at $72,635,000 after purchasing an additional 22,022 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of EOG Resources by 5.8% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 26,188 shares of the energy exploration company’s stock valued at $3,219,000 after purchasing an additional 1,442 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Company Profile

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.