Martingale Asset Management L P lessened its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 24.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,080 shares of the energy exploration company's stock after selling 50,845 shares during the period. Martingale Asset Management L P's holdings in EOG Resources were worth $17,388,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in EOG. First Trust Advisors LP boosted its holdings in shares of EOG Resources by 64.1% in the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company's stock valued at $445,921,000 after buying an additional 1,456,928 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of EOG Resources by 282.3% in the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company's stock worth $184,924,000 after purchasing an additional 1,141,680 shares during the last quarter. Capital World Investors boosted its holdings in EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock valued at $6,156,495,000 after acquiring an additional 782,426 shares during the period. TD Asset Management Inc increased its holdings in EOG Resources by 288.1% in the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company's stock valued at $100,065,000 after buying an additional 662,539 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of EOG Resources by 11.8% in the 3rd quarter. Franklin Resources Inc. now owns 5,186,343 shares of the energy exploration company's stock worth $581,493,000 after acquiring an additional 548,334 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on EOG Resources from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Thursday, January 22nd. Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Friday, January 23rd. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the company a "sector perform" rating in a report on Friday, January 16th. KeyCorp cut EOG Resources from an "overweight" rating to a "sector weight" rating in a research report on Friday, January 16th. Finally, UBS Group upped their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $136.42.
Read Our Latest Research Report on EOG
EOG Resources News Summary
Here are the key news stories impacting EOG Resources this week:
- Positive Sentiment: Piper Sandler raised its price target to $144 (neutral rating), signaling incremental upside vs. the market and supporting today's buying interest. Benzinga
- Positive Sentiment: Reuters/Yahoo reports that EOG beat Q4 profit projections thanks to solid production (≈1.40 MMboe/d in Q4) and higher natural gas prices — fundamentals that boost near‑term cash flow and justify higher analyst targets. EOG Surpasses Profit Projections
- Positive Sentiment: Wolfe Research raised its price target to $152, a bullish signal that likely contributed to recent upside and a new 12‑month high following the upgrade. Wolfe Research Raises PT
- Neutral Sentiment: Zacks issued a series of mixed estimate revisions — raising some mid/late‑cycle quarter estimates (e.g., Q3/Q4 2027, Q4 2026) while keeping a "Hold" rating, which suggests analysts see solid longer‑run cash generation but are cautious on near‑term visibility.
- Negative Sentiment: Zacks cut several near‑term estimates (Q1 and Q2 2026) and materially lowered FY2026 EPS from prior levels (to $7.56), which is a negative signal for short‑term earnings expectations and could cap further multiple expansion if sustained.
Insiders Place Their Bets
In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 7,774 shares of company stock valued at $945,895. 0.13% of the stock is owned by corporate insiders.
EOG Resources Stock Up 0.4%
Shares of NYSE:EOG opened at $133.09 on Friday. The firm's 50-day simple moving average is $115.88 and its 200-day simple moving average is $112.51. The company has a market cap of $71.40 billion, a price-to-earnings ratio of 14.61 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $136.14.
EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.74 EPS. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.
EOG Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. EOG Resources's payout ratio is presently 44.79%.
About EOG Resources
(
Free Report)
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.
Further Reading
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