Heartland Advisors Inc. Acquires 19,494 Shares of EOG Resources, Inc. $EOG

Key Points

• Heartland Advisors increased its EOG Resources stake by 13.3% in the second quarter, adding 19,494 shares for a total of 166,284 shares valued at approximately $21.6 million. Institutional investors collectively own 89.91% of EOG.
• EOG reported stronger-than-expected quarterly results, with EPS of $5.07 and revenue of $8.62 billion, up 57.4% year over year. Analysts maintain an overall “Hold” rating, with an average price target of $155.41.
• The company declared a quarterly dividend of $1.02 per share, or $4.08 annualized, representing a 2.7% yield. EOG shares opened at $153.06, near their 12-month high of $153.67.

Heartland Advisors Inc. boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,284 shares of the energy exploration company's stock after buying an additional 19,494 shares during the quarter. EOG Resources accounts for approximately 1.0% of Heartland Advisors Inc.'s holdings, making the stock its 23rd biggest position. Heartland Advisors Inc.'s holdings in EOG Resources were worth $21,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. Summitry LLC grew its stake in shares of EOG Resources by 1.5% in the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company's stock worth $699,000 after acquiring an additional 73 shares during the period. Twin Capital Management Inc. raised its holdings in shares of EOG Resources by 0.3% during the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company's stock valued at $3,467,000 after purchasing an additional 79 shares during the last quarter. Sax Wealth Advisors LLC lifted its position in EOG Resources by 2.8% during the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company's stock valued at $377,000 after purchasing an additional 79 shares during the period. Paladin Wealth LLC boosted its holdings in EOG Resources by 5.3% in the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company's stock worth $207,000 after purchasing an additional 80 shares during the last quarter. Finally, Hardy Reed LLC boosted its holdings in EOG Resources by 3.8% in the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company's stock worth $325,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on EOG. Mizuho set a $157.00 target price on shares of EOG Resources and gave the stock a "neutral" rating in a research report on Wednesday, May 27th. Morgan Stanley set a $157.00 price target on EOG Resources and gave the company an "equal weight" rating in a report on Wednesday. Freedom Capital downgraded EOG Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of EOG Resources in a report on Friday, August 7th. Finally, Stephens reduced their price objective on EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $155.41.

Trending Headlines about EOG Resources

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

• Positive Sentiment: Higher earnings estimates: Zacks Research raised its forecasts for EOG’s third-quarter 2026 EPS to $4.42 from $3.87, fiscal 2026 EPS to $16.78 from $15.59, first-quarter 2027 EPS to $4.08 from $3.47, third-quarter 2027 EPS to $3.35 from $3.03, and fiscal 2027 EPS to $14.03 from $13.05. These revisions indicate stronger projected profitability across several periods. MarketBeat EOG estimates
• Positive Sentiment: Value appeal: Zacks highlighted EOG as a strong value stock, which may attract investors seeking a relatively inexpensive energy producer with earnings support. The company’s reported valuation metrics include a P/E ratio near 12 and a price-to-earnings-growth ratio below 1. Here's Why EOG Resources Is a Strong Value Stock
• Neutral Sentiment: Upcoming earnings focus: Analysts have published predictions for EOG’s fourth-quarter results. The estimates could influence the stock as investors assess commodity prices, production trends and the sustainability of recent earnings strength. Analysts Offer Predictions for EOG Resources Q4 Earnings
• Negative Sentiment: Longer-term estimate reduction: Zacks cut its second-quarter 2028 EPS forecast to $3.10 from $3.49, signaling some concern about earnings normalization beyond fiscal 2027. Zacks continues to rate EOG “Hold,” tempering the bullish impact of the other estimate increases. MarketBeat EOG estimates

EOG Resources Stock Up 0.6%

EOG stock opened at $153.06 on Friday. The business's 50-day moving average price is $138.75 and its 200-day moving average price is $135.00. The stock has a market cap of $80.28 billion, a P/E ratio of 11.91, a PEG ratio of 0.56 and a beta of 0.25. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (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 analyst estimates of $8.04 billion. During the same period in the prior year, the firm posted $2.32 EPS. The firm's quarterly revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources's dividend payout ratio is presently 31.75%.

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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