Carlson Capital L.P. Invests $809,000 in EOG Resources, Inc. $EOG

Key Points

• Carlson Capital disclosed a new stake in EOG Resources, buying 7,700 shares valued at about $809,000 in the fourth quarter.
• EOG continues to see heavy institutional ownership and activity, with major holders like Vanguard and Capital World Investors adding to positions; about 89.91% of the stock is owned by institutions.
• The company recently beat first-quarter estimates with EPS of $3.41 on revenue of $6.92 billion, and it also announced a quarterly dividend of $1.02 per share payable July 31.

Carlson Capital L.P. purchased a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,700 shares of the energy exploration company's stock, valued at approximately $809,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital World Investors boosted its position in shares of EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock worth $6,156,495,000 after purchasing an additional 782,426 shares during the last quarter. Vanguard Group Inc. lifted its holdings in EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company's stock worth $5,651,172,000 after acquiring an additional 446,341 shares in the last quarter. Capital Research Global Investors lifted its holdings in EOG Resources by 0.5% during the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company's stock worth $2,794,784,000 after acquiring an additional 122,486 shares in the last quarter. Northern Trust Corp lifted its holdings in EOG Resources by 0.8% during the third quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company's stock worth $669,911,000 after acquiring an additional 49,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in EOG Resources by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company's stock worth $669,727,000 after acquiring an additional 344,291 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company's stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,230 shares of company stock worth $2,522,568. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent analyst reports. Sanford C. Bernstein lifted their target price on EOG Resources from $126.00 to $167.00 and gave the stock a "market perform" rating in a report on Monday, April 13th. Weiss Ratings upgraded EOG Resources from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, April 29th. KeyCorp lowered EOG Resources from an "overweight" rating to a "sector weight" rating in a report on Friday, January 16th. Morgan Stanley lifted their target price on EOG Resources from $128.00 to $155.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 28th. Finally, Wall Street Zen upgraded EOG Resources from a "hold" rating to a "buy" rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $154.59.

EOG Resources News Roundup

Here are the key news stories impacting EOG Resources this week:

• Positive Sentiment: DA Davidson raised its price target on EOG Resources to $153 and reiterated a buy rating, signaling confidence in the company’s upside potential. EOG Resources NYSE: EOG Given New $153.00 Price Target at DA Davidson
• Positive Sentiment: JPMorgan and Truist both lifted their price targets on EOG, with JPMorgan increasing its target to $148 and Truist to $149, reflecting continued analyst optimism even though Truist kept a hold rating. JPMorgan adjusts price target on EOG Resources to 148 from 145 EOG Resources price target raised by Truist Financial Corporation
• Positive Sentiment: EOG reported better-than-expected first-quarter earnings and revenue, driven by strong output growth, and highlighted $1.49 billion in free cash flow along with dividends, buybacks, and a liquids-focused outlook. EOG Q1 Earnings & Revenues Beat Estimates on Strong Output Growth
• Neutral Sentiment: Some firms were more cautious: Stephens trimmed its target slightly to $167, and Scotiabank maintained a hold rating, while another note flagged rising 2026 capex as a potential free-cash-flow risk. Stephens adjusts price target on EOG Resources to 167 from 170 Scotiabank Keeps Their Hold Rating on EOG Resources EOG Resources’ Rising Capex in 2026 Raises Free Cash Flow and Shareholder Return Risks
• Positive Sentiment: Additional commentary around EOG’s 2026 plan for $8.5 billion in free cash flow and at least 70% shareholder returns has also reinforced the bullish backdrop for the stock. EOG outlines 2026 plan for $8.5B free cash flow while targeting at least 70 percent returns

EOG Resources Price Performance

NYSE:EOG opened at $129.92 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.42 and a current ratio of 1.72. The stock's 50-day simple moving average is $135.67 and its 200 day simple moving average is $118.32. The company has a market cap of $69.20 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.62 and a beta of 0.27. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.EOG Resources's quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.87 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 14.81 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. EOG Resources's payout ratio is currently 40.16%.

EOG Resources Profile

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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