EOG Resources, Inc. $EOG Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management reduced its EOG Resources position by 4.4% in the second quarter, selling 103,714 shares and retaining 2.27 million shares worth approximately $294.3 million. Institutional investors collectively own 89.91% of EOG.
• EOG reported strong quarterly results, with EPS of $5.07 exceeding estimates and revenue rising 57.4% year over year to $8.62 billion. The company also declared a quarterly dividend of $1.02, equivalent to a 2.9% annual yield.
• Analyst sentiment remains cautious, with a consensus “Hold” rating despite a $158.11 average price target. Recent EPS forecast reductions and insider share sales have tempered the outlook, although buybacks and dividend growth continue to support shareholder returns.

Envestnet Asset Management Inc. reduced its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,268,308 shares of the energy exploration company's stock after selling 103,714 shares during the period. Envestnet Asset Management Inc. owned about 0.43% of EOG Resources worth $294,267,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Jupiter Topco LLC acquired a new stake in EOG Resources during the second quarter worth approximately $138,987,000. Punch & Associates Investment Management Inc. purchased a new position in shares of EOG Resources in the 2nd quarter valued at $11,746,000. Parvin Asset Management LLC purchased a new position in shares of EOG Resources in the 2nd quarter valued at $1,743,000. Ilmarinen Mutual Pension Insurance Co raised its stake in EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company's stock worth $9,136,000 after acquiring an additional 24,500 shares in the last quarter. Finally, Transamerica Financial Advisors LLC purchased a new stake in EOG Resources in the second quarter valued at $1,051,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Trending Headlines about EOG Resources

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

• Positive Sentiment: EOG’s ongoing stock buybacks and growing dividend continue to increase the ownership stake and cash returns associated with each remaining share. The company’s shares have gained about 25% over the past year. Is EOG Resources Stock A Buy For Its Shrinking Share Count?
• Neutral Sentiment: EOG scheduled its third-quarter 2026 earnings conference call for November 6, giving investors a date to assess production, commodity-price exposure, cash flow, and capital returns. EOG Resources Schedules Conference Call and Webcast of Third Quarter 2026 Results
• Neutral Sentiment: Brokerage coverage remains cautious, with Zacks Research and other analysts maintaining a “Hold” view. While buybacks support per-share value, a recent analysis noted that the earnings supporting each share have still contracted over the past three years.
• Negative Sentiment: Zacks Research lowered multiple EPS forecasts, including third-quarter 2026 to $4.08 from $4.42, full-year 2026 to $16.37 from $16.78, full-year 2027 to $13.54 from $14.03, and full-year 2028 to $12.57 from $13.18. The cuts signal expectations for slower profitability and weigh on the stock’s earnings-growth outlook. EOG Resources analyst estimate coverage
• Negative Sentiment: Chief Executive Officer Ezra Yacob sold 11,908 shares worth approximately $1.8 million, equal to about 5% of his direct holdings. Although the sale may be routine, insider selling can add modest short-term pressure or investor caution. Energy Stock CEO Waves Goodbye to Nearly 12,000 Shares

EOG Resources Stock Performance

NYSE:EOG opened at $141.83 on Thursday. 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 firm has a market cap of $74.39 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 0.52 and a beta of 0.26. The firm's fifty day moving average price is $144.61 and its 200 day moving average price is $139.28. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $154.16.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping 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 company had revenue of $8.62 billion during the quarter, compared to analysts' expectations of $8.04 billion. During the same quarter last year, the business earned $2.32 EPS. The business's revenue was up 57.4% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources, Inc. will post 16.85 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid 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 2.9%. EOG Resources's payout ratio is 31.75%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EOG shares. Barclays set a $147.00 price objective on shares of EOG Resources and gave the company an "equal weight" rating in a research note on Monday, August 17th. JPMorgan Chase & Co. decreased their target price on EOG Resources from $148.00 to $142.00 and set a "neutral" rating for the company in a research report on Tuesday, June 30th. Truist Financial raised their price target on EOG Resources from $134.00 to $153.00 and gave the stock a "hold" rating in a research note on Thursday, August 6th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $186.00 target price (up from $183.00) on shares of EOG Resources in a report on Thursday, September 17th. Finally, Weiss Ratings upgraded shares of EOG Resources from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $158.11.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 7,336 shares of EOG Resources stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the completion of the sale, the executive vice president directly owned 100,558 shares in the company, valued at approximately $14,882,584. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ezra Y. Yacob sold 35,942 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.14% of the company's stock.

EOG Resources Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company's principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.

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