Laffer Tengler Investments Inc. grew its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 17.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,897 shares of the energy exploration company’s stock after purchasing an additional 8,648 shares during the period. Laffer Tengler Investments Inc.’s holdings in EOG Resources were worth $6,379,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. JCIC Asset Management Inc. purchased a new stake in EOG Resources during the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EOG Resources in the second quarter worth about $35,000. Salomon & Ludwin LLC boosted its stake in shares of EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after acquiring an additional 178 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of EOG Resources during the 3rd quarter valued at about $37,000. Finally, Quent Capital LLC purchased a new position in shares of EOG Resources in the 3rd quarter valued at about $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at $7,685,125. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on EOG Resources
EOG Resources Trading Down 0.4%
Shares of EOG stock opened at $128.09 on Wednesday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $131.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The stock’s fifty day moving average is $112.19 and its two-hundred day moving average is $111.82. The firm has a market capitalization of $68.72 billion, a P/E ratio of 14.06 and a beta of 0.44.
EOG Resources (NYSE:EOG – Get Free Report) last released its 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. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.74 earnings per share. Research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.
EOG Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.2%. 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: Multiple brokerages raised price targets and retained bullish ratings, signaling analyst conviction and supplying near-term upside: Jefferies raised its PT to $146 (buy). Jefferies price target raise
- Positive Sentiment: UBS raised its PT to $149 and kept a buy rating, implying ~16% upside from the quoted reference price — a clear vote of confidence that likely supports the stock’s advance. UBS price target raise
- Positive Sentiment: BMO raised its PT to $140 and maintained an outperform rating, adding to the upward pressure from the dealer community. BMO price target raise
- Positive Sentiment: Company fundamentals and momentum: EOG reported an EPS beat in its most recent quarter (EPS $2.27 vs. $2.20 est.) and has shown strong short-term share momentum (double-digit 1‑ and 3‑month returns), supporting analyst bullishness and investor interest.
- Neutral Sentiment: Zacks moved EOG from “strong sell” to “hold” — an improvement in sentiment but still a cautious stance that offers limited incremental lift compared with outright buy ratings. Zacks upgrade
- Neutral Sentiment: Analyst / industry commentary and events are driving attention: EOG presented at the Raymond James conference (transcript available) and independent write-ups are re-assessing valuation after recent share gains. These items keep the stock on investors’ radar without being binary catalysts. Raymond James conference transcript Valuation reassessment
- Neutral Sentiment: Sector peer results (e.g., Venture Global’s Q4) are mixed — earnings beats but revenue misses — which can influence sentiment for energy names broadly but do not directly change EOG’s near-term fundamentals. Venture Global Q4 results
- Negative Sentiment: Notes that EOG has underperformed the Dow over the past year are keeping some investors cautious; relative underperformance can limit momentum and invite profit-taking even amid fresh upgrades. Is EOG underperforming the Dow? BarChart coverage
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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