Cibc World Market Inc. Lowers Stock Position in EOG Resources, Inc. $EOG

Cibc World Market Inc. cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 319,499 shares of the energy exploration company’s stock after selling 23,647 shares during the quarter. Cibc World Market Inc. owned 0.06% of EOG Resources worth $41,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. lifted its holdings in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares during the last quarter. Financial Life Planners purchased a new position in EOG Resources in the first quarter worth $30,000. Acumen Wealth Advisors LLC bought a new position in EOG Resources in the fourth quarter valued at $25,000. Prosperity Bancshares Inc bought a new position in EOG Resources in the fourth quarter valued at $26,000. Finally, Global Assets Advisory LLC purchased a new stake in EOG Resources during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Key Headlines Impacting 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 subject of several research analyst reports. Roth Capital reaffirmed a “neutral” rating and set a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a research report on Friday, August 7th. DA Davidson raised their price objective on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Wells Fargo & Company restated an “overweight” rating and issued a $193.00 target price (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Finally, Barclays set a $147.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $155.41.

EOG Resources Stock Performance

Shares of EOG stock opened at $153.06 on Monday. The company 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, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The stock has a 50 day moving average price of $138.75 and a two-hundred day moving average price of $135.19.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the business earned $2.32 earnings per share. The business’s revenue was up 57.4% on a year-over-year basis. Analysts expect 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. Shareholders of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.7%. EOG Resources’s dividend payout ratio is presently 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.