Guinness Asset Management LTD Boosts Holdings in EOG Resources, Inc. $EOG

Guinness Asset Management LTD boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,278 shares of the energy exploration company’s stock after acquiring an additional 9,209 shares during the period. Guinness Asset Management LTD’s holdings in EOG Resources were worth $7,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Olistico Wealth LLC purchased a new position in shares of EOG Resources in the fourth quarter worth $33,000. Physician Wealth Advisors Inc. raised its holdings in shares of EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after buying an additional 170 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of EOG Resources in the fourth quarter worth $38,000. City Holding Co. raised its holdings in shares of EOG Resources by 469.2% in the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock worth $39,000 after buying an additional 305 shares during the last quarter. Finally, CNB Bank raised its holdings in shares of EOG Resources by 361.0% in the third quarter. CNB Bank now owns 355 shares of the energy exploration company’s stock worth $40,000 after buying an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EOG shares. Roth Mkm reaffirmed a “neutral” rating and issued a $136.00 price target on shares of EOG Resources in a report on Wednesday, May 6th. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Mizuho raised their price target on shares of EOG Resources from $147.00 to $149.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Royal Bank Of Canada raised their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Finally, Zacks Research raised shares of EOG Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $155.64.

EOG Resources Stock Up 1.0%

NYSE:EOG opened at $141.43 on Friday. The firm has a market capitalization of $75.33 billion, a P/E ratio of 13.92 and a beta of 0.27. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company’s fifty day moving average price is $137.91 and its 200-day moving average price is $120.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.87 earnings per share. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 15.4 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

EOG Resources News Roundup

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

• Positive Sentiment: EOG expanded its share repurchase authorization to $20 billion, signaling aggressive capital returns and confidence in future cash generation.
• Positive Sentiment: The company has been highlighted for record free cash flow and its plan to return at least 70% of free cash flow to shareholders through dividends and buybacks.
• Positive Sentiment: Zacks Research upgraded EOG to Strong Buy and raised multiple earnings estimates for 2026-2028, suggesting improving profit expectations.
• Positive Sentiment: Morgan Stanley raised its price target on EOG to $160 from $155, while maintaining an equal-weight rating, reflecting slightly improved valuation expectations.
• Positive Sentiment: EOG was also added to Zacks’ Strong Buy and best income stocks lists, adding to the bullish tone around the name.
• Neutral Sentiment: Analysts continue to describe EOG as a disciplined, cash-focused oil and gas producer with ongoing international expansion and acquisitions, which supports the long-term outlook but is not an immediate catalyst.

Insider Buying and Selling at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is owned by company insiders.

EOG Resources 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.