EOG Resources Q4 EPS Estimate Cut by Capital One Financial

EOG Resources, Inc. (NYSE:EOG - Free Report) - Stock analysts at Capital One Financial dropped their Q4 2024 earnings per share (EPS) estimates for EOG Resources in a research report issued on Tuesday, November 12th. Capital One Financial analyst P. Johnston now anticipates that the energy exploration company will post earnings per share of $2.50 for the quarter, down from their prior estimate of $2.64. The consensus estimate for EOG Resources' current full-year earnings is $11.48 per share. Capital One Financial also issued estimates for EOG Resources' Q1 2025 earnings at $2.39 EPS, Q2 2025 earnings at $2.51 EPS, Q3 2025 earnings at $2.63 EPS, Q4 2025 earnings at $2.68 EPS, FY2025 earnings at $10.21 EPS and FY2026 earnings at $11.73 EPS.

EOG has been the subject of a number of other reports. Truist Financial lifted their price target on shares of EOG Resources from $115.00 to $135.00 and gave the company a "hold" rating in a research report on Tuesday. Evercore ISI cut their price target on EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Monday, September 30th. Scotiabank cut their target price on shares of EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Susquehanna dropped their price objective on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating for the company in a research note on Wednesday, September 4th. Finally, Benchmark reissued a "hold" rating on shares of EOG Resources in a research report on Tuesday. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources has a consensus rating of "Hold" and a consensus price target of $142.20.

EOG Resources Price Performance

Shares of NYSE EOG traded up $1.21 during midday trading on Wednesday, hitting $134.34. The company had a trading volume of 3,578,891 shares, compared to its average volume of 3,140,756. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $125.47 and a two-hundred day simple moving average of $125.92. EOG Resources has a twelve month low of $108.94 and a twelve month high of $139.67. The firm has a market capitalization of $75.56 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources in the 3rd quarter worth about $26,000. Riverview Trust Co acquired a new position in EOG Resources in the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources during the second quarter valued at approximately $28,000. Eastern Bank bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $28,000. Finally, Gladius Capital Management LP acquired a new position in EOG Resources during the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares of the company's stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's payout ratio is presently 29.31%.

EOG Resources announced that its board has authorized a share buyback plan on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.