Provident Investment Management Inc. Sells 4,045 Shares of EOG Resources, Inc. $EOG

Provident Investment Management Inc. lowered its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 185,843 shares of the energy exploration company’s stock after selling 4,045 shares during the quarter. EOG Resources makes up 2.6% of Provident Investment Management Inc.’s portfolio, making the stock its 19th biggest position. Provident Investment Management Inc.’s holdings in EOG Resources were worth $25,602,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SJS Investment Consulting Inc. boosted its stake in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares in the last quarter. Byrne Asset Management LLC raised its stake in EOG Resources by 469.4% in the third quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock worth $29,000 after buying an additional 169 shares in the last quarter. Financial Life Planners bought a new position in EOG Resources in the first quarter worth approximately $30,000. Wedbush Fund Advisers LLC bought a new position in EOG Resources in the second quarter worth approximately $31,000. Finally, Global Assets Advisory LLC purchased a new stake in EOG Resources during the first quarter worth $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $163.18 on Monday. The company has a 50 day moving average of $147.62 and a two-hundred day moving average of $140.79. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $165.11. The company has a market cap of $85.59 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion for 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 firm’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 EPS. As a group, analysts predict that EOG Resources, Inc. will post 17.70 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.5%. EOG Resources’s dividend payout ratio is 31.75%.

Insider Activity

In other news, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey Leitzell sold 9,039 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the completion of the transaction, the chief operating officer directly owned 90,790 shares of the company’s stock, valued at $12,765,981.90. The trade was a 9.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,317 shares of company stock worth $7,823,480 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EOG. Wells Fargo & Company reaffirmed an “overweight” rating and set a $193.00 target price (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Weiss Ratings upgraded EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Stifel Nicolaus initiated coverage on EOG Resources in a research report on Thursday, September 10th. They issued a “hold” rating and a $158.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and issued a $185.00 price target on shares of EOG Resources in a research report on Saturday, October 3rd. Finally, Mizuho set a $165.00 price objective on EOG Resources in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $161.24.

Key EOG Resources News

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

• Positive Sentiment: Susquehanna raised its price target for EOG Resources to $187, signaling expectations for additional upside. The firm’s bullish view provides a positive catalyst for the stock. EOG Resources stock: Susquehanna raises target to USD 187.00
• Positive Sentiment: A separate report from Susquehanna forecasts strong price appreciation for EOG, reinforcing the constructive analyst sentiment surrounding the oil and gas producer. Susquehanna Forecasts Strong Price Appreciation for EOG Resources
• Positive Sentiment: Higher oil prices are supporting broader upstream energy sentiment. Recent industry coverage points to stronger oil prices benefiting producers, although geopolitical disruptions could raise operating costs and pressure profitability. Can Baker Hughes Keep Its Winning Streak Alive in Q3 Earnings?
• Neutral Sentiment: EOG recently reported quarterly EPS and revenue above analyst expectations, with revenue up sharply year over year. Analysts currently expect approximately $17.48 in full-year EPS, providing fundamental support for the shares.
• Neutral Sentiment: EOG has reached a new high, prompting investors to assess whether further gains are justified by oil prices, earnings momentum, and valuation. EOG Resources Hits a New High: Is More Upside Ahead?
• Negative Sentiment: Zacks Research reduced its EOG EPS estimates for both the first and second quarters of 2028, to $2.48 from $2.80 and to $2.77 from $2.90, respectively. The cuts indicate some caution about future earnings, despite Zacks retaining a “Strong-Buy” rating.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.