Cadence Wealth Management LLC Acquires 3,382 Shares of EOG Resources, Inc. $EOG

Cadence Wealth Management LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 63.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,740 shares of the energy exploration company’s stock after purchasing an additional 3,382 shares during the period. EOG Resources comprises 0.5% of Cadence Wealth Management LLC’s holdings, making the stock its 25th largest holding. Cadence Wealth Management LLC’s holdings in EOG Resources were worth $1,134,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SJS Investment Consulting Inc. grew its stake in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares in the last quarter. Financial Life Planners bought a new stake in shares of EOG Resources during the first quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new position in EOG Resources in the 4th quarter worth about $25,000. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $26,000. Finally, Global Assets Advisory LLC bought a new position in shares of EOG Resources during the first quarter valued at $37,000. Institutional investors own 89.91% of the company’s stock.

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

Analyst Ratings Changes

EOG has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. The Goldman Sachs Group cut their price objective on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. DA Davidson increased their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Barclays set a $147.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a report on Monday, August 17th. One research 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 stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $155.41.

EOG Resources Stock Performance

Shares of EOG stock opened at $153.06 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. The firm’s 50 day moving average is $138.75 and its 200 day moving average is $135.00. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $80.28 billion, a P/E ratio of 11.91, a PEG ratio of 0.57 and a beta of 0.25.

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

EOG Resources Announces Dividend

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

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.