GRIMES & Co WEALTH MANAGEMENT LLC Has $13.90 Million Stake in EOG Resources, Inc. $EOG

Key Points

• GRIMES & Co trimmed its EOG stake by 6.4% to 132,377 shares—worth $13.9 million—after selling 9,026 shares in Q4.
• EOG beat Q1 EPS and revenue (EPS $3.41 vs. $3.23 est.; revenue $6.92B vs. $6.18B), generated roughly $1.49B of free cash flow, announced a $1.02 quarterly dividend (annualized $4.08, yield 3.1%), and carries a consensus analyst rating of "Moderate Buy" with a $153.69 price target.
• Insiders (including the COO and CFO) have sold shares recently, yet institutional investors still own about 89.9% of EOG's stock.

GRIMES & Co WEALTH MANAGEMENT LLC decreased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 132,377 shares of the energy exploration company's stock after selling 9,026 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in EOG Resources were worth $13,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. acquired a new position in EOG Resources in the 3rd quarter worth approximately $32,000. Olistico Wealth LLC acquired a new position in EOG Resources in the 4th quarter worth approximately $33,000. Physician Wealth Advisors Inc. boosted its stake in EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company's stock worth $35,000 after purchasing an additional 170 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in EOG Resources in the 3rd quarter worth approximately $37,000. Finally, Quent Capital LLC acquired a new position in EOG Resources in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. BMO Capital Markets lifted their target price on shares of EOG Resources from $140.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, April 1st. Truist Financial initiated coverage on shares of EOG Resources in a research note on Tuesday, March 24th. They set a "hold" rating and a $146.00 target price for the company. Morgan Stanley lifted their target price on shares of EOG Resources from $128.00 to $155.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 28th. Piper Sandler lifted their target price on shares of EOG Resources from $144.00 to $147.00 and gave the company a "neutral" rating in a research note on Wednesday, April 1st. Finally, DA Davidson lifted their target price on shares of EOG Resources from $148.00 to $153.00 and gave the company a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.69.

EOG Resources Stock Down 2.9%

EOG stock opened at $130.81 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a fifty day simple moving average of $135.67 and a 200 day simple moving average of $118.32. The firm has a market cap of $70.07 billion, a PE ratio of 12.87, a PEG ratio of 1.67 and a beta of 0.27.

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

EOG Resources Announces Dividend

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

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company's stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by company insiders.

Key Stories Impacting EOG Resources

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

• Positive Sentiment: EOG beat Q1 EPS and revenue estimates, delivered roughly $1.49B of free cash flow, and reiterated dividends plus opportunistic buybacks while guiding toward liquids-leaning production — a clear support for shareholder returns. EOG Q1 Earnings & Revenues Beat Estimates on Strong Output Growth
• Positive Sentiment: DA Davidson raised its price target to $153 and maintained a "buy" stance, signaling institutional confidence in EOG's outlook and supporting upside expectations. DA Davidson Raises Price Target on EOG Resources to $153
• Positive Sentiment: Siebert Williams Shank & Co. initiated a buy on EOG, which can attract buying interest from investors tracking advisor moves. EOG Resources (EOG) Gets a Buy from Siebert Williams Shank & Co
• Positive Sentiment: Zacks added EOG to its Rank #1 (Strong Buy) income list, reinforcing the stock’s appeal to income-focused investors given the raised dividend and buyback activity. Best Income Stocks to Buy for May 6th
• Neutral Sentiment: Mizuho nudged its target higher to $149 but kept a "neutral" rating, suggesting it sees upside limited relative to peers despite the quarter. Mizuho Raises Price Target on EOG to $149
• Neutral Sentiment: Stephens slightly trimmed its price target to $167 (from $170), a modest adjustment that still implies material upside — mixed signal for momentum traders. Stephens Adjusts Price Target on EOG Resources to $167
• Neutral Sentiment: Scotiabank maintained a "hold" rating on EOG, indicating some brokers remain cautious despite the quarter. Scotiabank Keeps Their Hold Rating on EOG
• Negative Sentiment: TipRanks flagged rising 2026 capital expenditures as a risk to free cash flow and shareholder returns, a concern that could weigh on sentiment if capex growth persists. Rising Capex in 2026 Raises Free Cash Flow and Shareholder Return Risks
• Negative Sentiment: Some commentary noted a tepid outlook despite beats, and analysts highlighted the cautious elements of management guidance — a driver behind intraday selling pressure. EOG Beats Q1 Estimates But Tepid Outlook Weighs on Shares

About EOG Resources

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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