Sumitomo Life Insurance Co. Has $1.98 Million Stock Holdings in EOG Resources, Inc. $EOG

Sumitomo Life Insurance Co. decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 31.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,259 shares of the energy exploration company’s stock after selling 6,870 shares during the period. Sumitomo Life Insurance Co.’s holdings in EOG Resources were worth $1,980,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $5,905,587,000. Bank of New York Mellon Corp bought a new position in shares of EOG Resources during the 2nd quarter worth approximately $654,899,000. Deutsche Bank AG bought a new position in shares of EOG Resources during the 2nd quarter worth approximately $251,102,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in EOG Resources in the 2nd quarter valued at $168,029,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in EOG Resources by 898.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock valued at $205,411,000 after buying an additional 1,278,555 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.6%

NYSE EOG opened at $153.06 on Friday. The stock’s 50 day simple moving average is $138.75 and its 200 day simple moving average is $135.00. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $153.67. The firm has a market cap of $80.28 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.56 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 EPS. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.7%. EOG Resources’s dividend payout ratio is 31.75%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EOG. Capital One Financial lowered their price target on EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Stephens cut their price objective on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Mizuho set a $157.00 target price on shares of EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. DA Davidson boosted their target price on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $155.41.

Trending Headlines about EOG Resources

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

• Positive Sentiment: Higher earnings estimates: Zacks Research raised its forecasts for EOG’s third-quarter 2026 EPS to $4.42 from $3.87, fiscal 2026 EPS to $16.78 from $15.59, first-quarter 2027 EPS to $4.08 from $3.47, third-quarter 2027 EPS to $3.35 from $3.03, and fiscal 2027 EPS to $14.03 from $13.05. These revisions indicate stronger projected profitability across several periods. MarketBeat EOG estimates
• Positive Sentiment: Value appeal: Zacks highlighted EOG as a strong value stock, which may attract investors seeking a relatively inexpensive energy producer with earnings support. The company’s reported valuation metrics include a P/E ratio near 12 and a price-to-earnings-growth ratio below 1. Here’s Why EOG Resources Is a Strong Value Stock
• Neutral Sentiment: Upcoming earnings focus: Analysts have published predictions for EOG’s fourth-quarter results. The estimates could influence the stock as investors assess commodity prices, production trends and the sustainability of recent earnings strength. Analysts Offer Predictions for EOG Resources Q4 Earnings
• Negative Sentiment: Longer-term estimate reduction: Zacks cut its second-quarter 2028 EPS forecast to $3.10 from $3.49, signaling some concern about earnings normalization beyond fiscal 2027. Zacks continues to rate EOG “Hold,” tempering the bullish impact of the other estimate increases. MarketBeat EOG estimates

EOG Resources Company Profile

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.