Q1 EPS Estimates for EOG Resources Raised by Analyst

EOG Resources, Inc. (NYSE:EOG) – Equities researchers at Capital One Financial upped 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 expects that the energy exploration company will post earnings per share of $2.41 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.

EOG has been the subject of a number of other research reports. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Tuesday, November 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Citigroup increased their target price on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Morgan Stanley cut their price target on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Finally, Truist Financial increased their price objective on shares of EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Fourteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $143.50.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $118.22 on Friday. The company has a market capitalization of $66.49 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company’s fifty day moving average price is $128.39 and its 200 day moving average price is $126.33. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources declared that its board has approved a share repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.975 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 568 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On EOG Resources

Several large investors have recently modified their holdings of the business. Catalina Capital Group LLC raised its holdings in EOG Resources by 14.8% in the 2nd quarter. Catalina Capital Group LLC now owns 2,797 shares of the energy exploration company’s stock valued at $352,000 after buying an additional 360 shares during the period. Quotient Wealth Partners LLC lifted its holdings in shares of EOG Resources by 5.2% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,868 shares of the energy exploration company’s stock worth $235,000 after acquiring an additional 92 shares during the last quarter. TrueWealth Advisors LLC acquired a new position in shares of EOG Resources in the 2nd quarter worth approximately $257,000. LRI Investments LLC boosted its position in shares of EOG Resources by 4,143.5% during the 2nd quarter. LRI Investments LLC now owns 976 shares of the energy exploration company’s stock worth $123,000 after purchasing an additional 953 shares during the period. Finally, Capital Insight Partners LLC increased its holdings in EOG Resources by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 4,219 shares of the energy exploration company’s stock valued at $531,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.