EOG Resources, Inc. $EOG Stock Sold by Inspire Investing LLC

Inspire Investing LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,336 shares of the energy exploration company’s stock after selling 4,801 shares during the period. Inspire Investing LLC’s holdings in EOG Resources were worth $6,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in EOG Resources during the second quarter worth $5,905,587,000. Bank of New York Mellon Corp bought a new stake in EOG Resources during the 2nd quarter valued at $654,899,000. Bank of America Corp DE bought a new stake in EOG Resources during the 2nd quarter valued at $551,321,000. Deutsche Bank AG purchased a new position in shares of EOG Resources in the 2nd quarter valued at $251,102,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of EOG Resources by 357.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,971,842 shares of the energy exploration company’s stock valued at $271,641,000 after acquiring an additional 1,541,140 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other news, COO Jeffrey Leitzell sold 9,039 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer owned 90,790 shares in the company, valued at $12,765,981.90. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Donaldson sold 7,336 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the completion of the transaction, the executive vice president directly owned 100,558 shares of the company’s stock, valued at $14,882,584. The trade was a 6.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 52,317 shares of company stock worth $7,823,480. Insiders own 0.14% of the company’s stock.

Trending Headlines about EOG Resources

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.

EOG Resources Stock Performance

Shares of EOG opened at $163.18 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $165.11. The stock has a fifty day moving average price of $147.62 and a 200-day moving average price of $140.81. 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 firm has a market cap of $85.59 billion, a PE ratio of 12.70, a P/E/G ratio of 0.56 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. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the previous year, the business earned $2.32 EPS. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. Equities research analysts predict that EOG Resources, Inc. will post 17.48 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on EOG. Raymond James Financial restated a “strong-buy” rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research note on Thursday, September 17th. Seaport Research Partners assumed coverage on EOG Resources in a research note on Thursday, September 3rd. They issued a “neutral” rating on the stock. Barclays set a $147.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Monday, August 17th. Truist Financial increased their price target on shares of EOG Resources from $153.00 to $160.00 and gave the company a “hold” rating in a research report on Friday, October 2nd. Finally, Citigroup restated a “neutral” rating and issued a $150.00 price target (up from $141.00) on shares of EOG Resources in a report on Thursday, August 27th. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $161.24.

EOG Resources Profile

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.