Q1 EPS Estimates for EOG Resources Increased by Analyst

EOG Resources, Inc. (NYSE:EOG - Free Report) - Equities researchers at Capital One Financial raised their Q1 2025 EPS estimates for shares of EOG Resources in a note issued to investors on Wednesday, December 18th. Capital One Financial analyst P. Johnston now forecasts that the energy exploration company will earn $2.41 per share for the quarter, up from their prior forecast of $2.39. The consensus estimate for EOG Resources' current full-year earnings is $11.47 per share.

A number of other analysts have also recently commented on the company. UBS Group dropped their price target on EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Benchmark reiterated a "hold" rating on shares of EOG Resources in a research note on Tuesday, November 12th. Barclays reduced their price target on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a research report on Thursday, October 3rd. Piper Sandler lowered their price objective on EOG Resources from $149.00 to $140.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Evercore ISI reduced their price objective on EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Monday, September 30th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $143.50.

EOG Resources Stock Up 0.7 %

EOG traded up $0.82 during midday trading on Friday, reaching $119.04. The company's stock had a trading volume of 10,023,298 shares, compared to its average volume of 3,157,648. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67. The stock's 50-day moving average is $128.12 and its 200-day moving average is $126.33. The firm has a market capitalization of $66.95 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 3.39 and a beta of 1.29. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.28%. EOG Resources's dividend payout ratio is 31.40%.

EOG Resources announced that its board has authorized a stock repurchase program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EOG Resources

Large investors have recently made changes to their positions in the company. Inspire Trust Co. N.A. raised its position in EOG Resources by 11.3% during the third quarter. Inspire Trust Co. N.A. now owns 7,600 shares of the energy exploration company's stock valued at $934,000 after purchasing an additional 772 shares during the period. Franklin Resources Inc. boosted its stake in shares of EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the period. Synovus Financial Corp grew its holdings in EOG Resources by 105.1% during the 3rd quarter. Synovus Financial Corp now owns 97,356 shares of the energy exploration company's stock valued at $11,968,000 after purchasing an additional 49,899 shares during the last quarter. Tidal Investments LLC raised its position in EOG Resources by 4.7% in the 3rd quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company's stock worth $7,227,000 after purchasing an additional 2,634 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake in EOG Resources by 26.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company's stock worth $8,822,000 after purchasing an additional 15,186 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Company Profile

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.