Gabelli Funds LLC Cuts Stock Position in EOG Resources, Inc. $EOG

Gabelli Funds LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 21.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,100 shares of the energy exploration company’s stock after selling 40,400 shares during the period. Gabelli Funds LLC’s holdings in EOG Resources were worth $18,954,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth $25,000. SJS Investment Consulting Inc. increased its position in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in EOG Resources during the 4th quarter valued at about $26,000. Nemes Rush Group LLC purchased a new stake in EOG Resources in the fourth quarter valued at about $30,000. Finally, Financial Life Planners purchased a new stake in EOG Resources in the first quarter valued at about $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Key Stories 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

EOG Resources Price Performance

Shares of NYSE EOG opened at $153.06 on Friday. The stock has a market capitalization of $80.28 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.57 and a beta of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. The firm’s 50 day simple moving average is $138.75 and its 200-day simple moving average is $135.00. 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 for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 earnings per share. Analysts expect that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on EOG. Morgan Stanley set a $157.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Wednesday. Freedom Capital cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Stephens lowered their price objective on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of EOG Resources in a research report on Friday, August 7th. One equities research 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $155.41.

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.