Meiji Yasuda Asset Management Co Ltd. Buys 9,478 Shares of EOG Resources, Inc. $EOG

Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 14.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 74,755 shares of the energy exploration company's stock after purchasing an additional 9,478 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in EOG Resources were worth $9,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commerce Bank lifted its position in shares of EOG Resources by 22.4% during the 2nd quarter. Commerce Bank now owns 124,284 shares of the energy exploration company's stock worth $16,123,000 after buying an additional 22,738 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of EOG Resources by 13.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,268 shares of the energy exploration company's stock valued at $4,446,000 after acquiring an additional 4,006 shares during the last quarter. Cadence Wealth Management LLC boosted its position in EOG Resources by 63.1% in the second quarter. Cadence Wealth Management LLC now owns 8,740 shares of the energy exploration company's stock worth $1,134,000 after purchasing an additional 3,382 shares during the last quarter. Quantbot Technologies LP bought a new position in EOG Resources in the 2nd quarter valued at $1,154,000. Finally, Varma Mutual Pension Insurance Co increased its position in shares of EOG Resources by 1.2% during the 2nd quarter. Varma Mutual Pension Insurance Co now owns 154,192 shares of the energy exploration company's stock valued at $20,003,000 after purchasing an additional 1,800 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the subject of several research reports. Sanford C. Bernstein reduced their price objective on EOG Resources from $167.00 to $155.00 and set a "market perform" rating for the company in a report on Wednesday, May 20th. Mizuho set a $157.00 price objective on EOG Resources and gave the company a "neutral" rating in a research note on Wednesday, May 27th. Roth Capital reiterated a "neutral" rating and issued a $138.00 price objective on shares of EOG Resources in a research note on Wednesday, August 5th. Wall Street Zen downgraded EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Susquehanna reaffirmed a "positive" rating and issued a $170.00 price target (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $155.41.

EOG Resources Stock Up 0.0%

Shares of NYSE EOG opened at $153.06 on Monday. 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 52 week low of $101.59 and a 52 week high of $153.67. The firm's fifty day moving average is $138.75 and its 200 day moving average is $135.19. The company has a market cap of $80.28 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.57 and a beta of 0.25.

EOG Resources (NYSE:EOG - Get Free Report) last posted 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. The company had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources's quarterly revenue was up 57.4% on a year-over-year basis. During the same period last year, the firm earned $2.32 earnings per share. On average, equities research analysts expect that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders 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 2.7%. EOG Resources's payout ratio is 31.75%.

Key Headlines Impacting 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 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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