4,045 EOG Resources, Inc. $EOG Shares Sold by Provident Investment Management Inc.

Provident Investment Management Inc. trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,843 shares of the energy exploration company’s stock after selling 4,045 shares during the period. EOG Resources makes up about 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in EOG Resources in the second quarter worth about $5,905,587,000. Bank of New York Mellon Corp purchased a new stake in shares of EOG Resources in the second quarter worth approximately $654,899,000. Bank of America Corp DE purchased a new stake in shares of EOG Resources in the second quarter worth approximately $551,321,000. Deutsche Bank AG bought a new stake in shares of EOG Resources during the 2nd quarter worth approximately $251,102,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of EOG Resources by 357.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,971,842 shares of the energy exploration company’s stock worth $271,641,000 after acquiring an additional 1,541,140 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of a number of recent analyst reports. Roth Capital restated a “neutral” rating and set a $138.00 price objective on shares of EOG Resources in a report on Wednesday, August 5th. Raymond James Financial reiterated a “strong-buy” rating and issued a $186.00 target price (up from $183.00) on shares of EOG Resources in a research note on Thursday, September 17th. Scotiabank started coverage on EOG Resources in a research note on Wednesday, October 14th. They issued a “sector perform” rating and a $144.00 target price on the stock. UBS Group reiterated a “buy” rating and set a $186.00 target price (up from $183.00) on shares of EOG Resources in a research report on Friday, October 9th. Finally, Zacks Research upgraded EOG Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $161.24.

EOG Resources Price Performance

Shares of EOG stock opened at $163.18 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The company has a market capitalization of $85.59 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.58 and a beta of 0.36. The company’s 50-day simple moving average is $147.62 and its two-hundred day simple moving average is $140.79. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $165.11.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period last year, the company posted $2.32 earnings per share. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, equities analysts anticipate that EOG Resources, Inc. will post 17.70 EPS for the current year.

EOG Resources Announces Dividend

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

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Donaldson sold 7,336 shares of EOG Resources stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares of the company’s stock, valued at approximately $14,882,584. This trade represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,317 shares of company stock valued at $7,823,480 over the last quarter. 0.14% of the stock is owned by corporate insiders.

Key Stories Impacting 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.

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.