EOG Resources, Inc. $EOG Stock Position Lessened by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its EOG Resources stake by 86.1% in the third quarter, selling 23,312 shares and retaining 3,749 shares valued at approximately $517,000. Institutional investors still own about 89.9% of EOG’s outstanding stock.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $161.24, below EOG’s reported share price of $163.18. Recent targets range from $147 to $185.
• EOG reported quarterly EPS and revenue above estimates, while revenue rose 57.4% year over year. The company also declared a quarterly dividend of $1.02, equivalent to a 2.5% annualized yield.

Axxcess Wealth Management LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 86.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,749 shares of the energy exploration company's stock after selling 23,312 shares during the period. Axxcess Wealth Management LLC's holdings in EOG Resources were worth $517,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its position in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock valued at $26,000 after buying an additional 124 shares during the last quarter. Byrne Asset Management LLC grew its position in EOG Resources by 469.4% in the 3rd quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company's stock worth $29,000 after purchasing an additional 169 shares in the last quarter. Financial Life Planners purchased a new stake in EOG Resources in the 1st quarter valued at about $30,000. Wedbush Fund Advisers LLC purchased a new stake in EOG Resources in the 2nd quarter valued at about $31,000. Finally, Global Assets Advisory LLC purchased a new stake in EOG Resources in the 1st quarter valued at about $37,000. Institutional investors own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EOG. Barclays set a $147.00 target price on shares of EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Stifel Nicolaus assumed coverage on EOG Resources in a report on Thursday, September 10th. They issued a "hold" rating and a $158.00 target price for the company. Freedom Capital downgraded EOG Resources from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a "buy" rating and set a $185.00 price target on shares of EOG Resources in a report on Saturday, October 3rd. Finally, Citigroup reiterated a "neutral" rating and set a $150.00 price target (up from $141.00) on shares of EOG Resources in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of "Hold" and an average price target of $161.24.

Insider Activity at EOG Resources

In related news, CEO Ezra Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey Leitzell sold 9,039 shares of the business's stock in a transaction on Friday, September 25th. The shares were sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the sale, the chief operating officer directly owned 90,790 shares in the company, valued at $12,765,981.90. The trade was a 9.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 52,317 shares of company stock worth $7,823,480. Corporate insiders own 0.14% of the company's stock.

EOG Resources Stock Up 0.1%

Shares of NYSE EOG opened at $163.18 on Monday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $165.11. 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 business's fifty day moving average price is $147.62 and its 200-day moving average price is $140.79. The stock has a market capitalization of $85.59 billion, a PE ratio of 12.70, a P/E/G ratio of 0.58 and a beta of 0.36.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm's quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.32 EPS. On average, equities research analysts anticipate that EOG Resources, Inc. will post 17.70 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.5%. EOG Resources's dividend payout ratio (DPR) is 31.75%.

EOG Resources News Summary

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

• Positive Sentiment: Susquehanna raised its price target for EOG Resources to $187, signaling expectations for additional upside. The firm’s bullish view provides a positive catalyst for the stock. EOG Resources stock: Susquehanna raises target to USD 187.00
• Positive Sentiment: A separate report from Susquehanna forecasts strong price appreciation for EOG, reinforcing the constructive analyst sentiment surrounding the oil and gas producer. Susquehanna Forecasts Strong Price Appreciation for EOG Resources
• Positive Sentiment: Higher oil prices are supporting broader upstream energy sentiment. Recent industry coverage points to stronger oil prices benefiting producers, although geopolitical disruptions could raise operating costs and pressure profitability. Can Baker Hughes Keep Its Winning Streak Alive in Q3 Earnings?
• Neutral Sentiment: EOG recently reported quarterly EPS and revenue above analyst expectations, with revenue up sharply year over year. Analysts currently expect approximately $17.48 in full-year EPS, providing fundamental support for the shares.
• Neutral Sentiment: EOG has reached a new high, prompting investors to assess whether further gains are justified by oil prices, earnings momentum, and valuation. EOG Resources Hits a New High: Is More Upside Ahead?
• Negative Sentiment: Zacks Research reduced its EOG EPS estimates for both the first and second quarters of 2028, to $2.48 from $2.80 and to $2.77 from $2.90, respectively. The cuts indicate some caution about future earnings, despite Zacks retaining a “Strong-Buy” rating.

EOG Resources Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company's principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.

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