L2 Asset Management LLC Grows Position in EOG Resources, Inc. $EOG

L2 Asset Management LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 69.6% during the third quarter, HoldingsChannel.com reports. The fund owned 19,355 shares of the energy exploration company’s stock after acquiring an additional 7,940 shares during the quarter. L2 Asset Management LLC’s holdings in EOG Resources were worth $2,170,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EOG. JCIC Asset Management Inc. bought a new position in shares of EOG Resources during the 3rd quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in EOG Resources in the second quarter worth $35,000. Salomon & Ludwin LLC increased its position in EOG Resources by 122.8% in the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after purchasing an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in EOG Resources during the third quarter valued at $37,000. Finally, Quent Capital LLC purchased a new stake in EOG Resources during the third quarter valued at $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 0.7%

EOG opened at $134.57 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The stock’s 50 day moving average price is $116.98 and its 200-day moving average price is $112.53. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $136.14. The stock has a market cap of $72.19 billion, a price-to-earnings ratio of 14.77 and a beta of 0.44.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the company earned $2.74 EPS. EOG Resources’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Key EOG Resources News

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

• Positive Sentiment: Wells Fargo raised its price target to $155 and reiterated an “overweight” rating, signaling meaningful upside versus the current price; this is a strong near‑term catalyst for buyers. Article Title
• Positive Sentiment: Piper Sandler boosted its target to $144, adding to the sequence of broker upgrades that reinforce investor confidence in EOG’s earnings and cash‑flow outlook. Piper Sandler Raises EOG PT to $144
• Positive Sentiment: Barclays lifted its target to $140 while keeping an Equal Weight rating—another vote of confidence that supports the view EOG may be undervalued at current levels. Article Title
• Positive Sentiment: Coverage from outlets (CNBC/TipRanks and investment roundups) highlights EOG as a dividend‑paying energy name favored by some analysts, which can attract income‑oriented and institutional demand. Top Wall Street analysts are bullish
• Neutral Sentiment: Multiple articles and lists discuss EOG as an “undervalued” large‑cap energy stock and include it in top energy stock roundups—useful for sentiment but largely echoing analyst upgrades rather than new fundamental developments. Is EOG One of the Most Undervalued?
• Neutral Sentiment: CFO Ann Janssen sold 2,597 shares on March 12 (SEC Form 4 filed); the sale reduced her position by ~2.5% but she retains a large holding—this is worth noting but not an obvious sign of company‑level trouble. SEC Form 4
• Negative Sentiment: Zacks cut earnings estimates for EOG, which could weigh on forward expectations if other shops follow; this is the primary near‑term negative item to monitor for revisions to consensus. Zacks Cuts Earnings Estimates

Analysts Set New Price Targets

A number of equities analysts have commented on EOG shares. Morgan Stanley set a $128.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Capital One Financial decreased their target price on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. Roth Mkm reiterated a “neutral” rating and issued a $110.00 price target on shares of EOG Resources in a research report on Wednesday, February 25th. Finally, Johnson Rice decreased their price objective on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average target price of $137.77.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $11,445,850. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 2,597 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $134.31, for a total value of $348,803.07. Following the completion of the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at $13,464,040.26. This represents a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,371 shares of company stock valued at $1,294,698. Corporate insiders own 0.13% of the company’s stock.

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.