Rockland Trust Co. Buys 12,445 Shares of EOG Resources, Inc. $EOG

Key Points

• Rockland Trust Co. increased its stake in EOG Resources by 5.1%, buying 12,445 shares to hold 258,771 shares worth about $27.17 million, which is roughly 1.1% of Rockland’s portfolio and its 25th largest position.
• EOG slightly beat the quarter with EPS of $2.27 versus $2.20 and revenue of $5.64 billion, and announced a quarterly dividend of $1.02 (annualized $4.08) with an ex-dividend date of April 16 and payment on April 30, implying a ~2.8% yield.
• Analysts carry a consensus rating of Hold with a $140.81 price target, although several firms recently raised targets to the $152–$155 range, and institutional investors own about 89.9% of the stock.

Rockland Trust Co. lifted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 258,771 shares of the energy exploration company's stock after purchasing an additional 12,445 shares during the period. EOG Resources accounts for about 1.1% of Rockland Trust Co.'s investment portfolio, making the stock its 25th biggest position. Rockland Trust Co.'s holdings in EOG Resources were worth $27,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Capital Management LLC increased its position in EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company's stock valued at $68,952,000 after purchasing an additional 25,753 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of EOG Resources by 21.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company's stock worth $7,380,000 after purchasing an additional 11,442 shares during the period. Legal & General Group Plc boosted its stake in shares of EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company's stock valued at $380,562,000 after purchasing an additional 68,888 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of EOG Resources by 1,413.5% during the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company's stock valued at $2,863,000 after purchasing an additional 23,846 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in EOG Resources by 11.1% in the third quarter. Nisa Investment Advisors LLC now owns 172,617 shares of the energy exploration company's stock worth $19,354,000 after buying an additional 17,195 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of analyst reports. Wolfe Research upped their target price on EOG Resources from $140.00 to $152.00 in a report on Monday, March 9th. Johnson Rice cut their price target on EOG Resources from $145.00 to $135.00 and set a "hold" rating on the stock in a report on Friday, December 5th. Roth Mkm reissued a "neutral" rating and issued a $110.00 price target on shares of EOG Resources in a research report on Wednesday, February 25th. Truist Financial assumed coverage on EOG Resources in a research note on Tuesday, March 24th. They set a "hold" rating and a $146.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on EOG Resources from $127.00 to $155.00 and gave the company an "overweight" rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Hold" and a consensus price target of $140.81.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $11,445,850. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 12,532 shares of company stock valued at $1,666,045. 0.13% of the stock is currently owned by company insiders.

EOG Resources Price Performance

Shares of EOG opened at $144.38 on Wednesday. The company has a 50 day moving average of $124.99 and a two-hundred day moving average of $114.21. 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 twelve month low of $101.59 and a twelve month high of $151.87. The company has a market cap of $77.35 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 3.12 and a beta of 0.44.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the prior year, the firm posted $2.74 earnings per share. The business's quarterly revenue was up .9% on a year-over-year basis. As a group, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources's dividend payout ratio is currently 44.79%.

Key Stories Impacting EOG Resources

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

• Positive Sentiment: Zacks highlights that analysts have been raising EOG’s earnings estimates, signaling upside momentum and supporting recent share gains. This kind of estimate revision often precedes further stock strength if commodity/pricing trends hold. Surging Earnings Estimates Signal Upside for EOG Resources (EOG) Stock
• Positive Sentiment: Zacks also profiles EOG as a strong momentum candidate, noting technical and fundamental factors that may attract momentum traders and support continued inflows. What Makes EOG Resources (EOG) a Strong Momentum Stock: Buy Now?
• Positive Sentiment: An independent price‑target bump to $155 was reported, signaling some analyst optimism on upside vs. prior targets and potentially supporting the stock if adopted by larger desks. EOG Resources NYSE: EOG Price Target Raised to $155.00
• Neutral Sentiment: Citi raised its price target on EOG to $150 but maintained a “hold/neutral” rating — a mixed signal: higher valuation reference but no upgrade to “buy,” which can limit immediate upside from institutional flows. EOG Resources (EOG) Gets a Hold from Citi
• Neutral Sentiment: Zacks’ broader coverage pieces (earnings‑ESP and stocks‑to‑watch articles) mention EOG among names that could beat or show momentum — helpful for visibility but not definitive near‑term catalysts. These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
• Negative Sentiment: A Yahoo Finance comparison piece notes Chord Energy (CHRD) has outperformed some oils & energy peers this year, calling out relative underperformance that can pressure EOG’s stock as investors rotate into stronger short‑term performers. Relative weakness versus a high‑momentum peer likely contributes to today’s pullback. Are Oils-Energy Stocks Lagging Chord Energy Corporation (CHRD) This Year?

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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