EOG Resources (NYSE:EOG) Price Target Raised to $149.00 at Truist Financial

EOG Resources (NYSE:EOG) had its target price raised by Truist Financial from $146.00 to $149.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a hold rating on the energy exploration company’s stock.

Several other research firms have also weighed in on EOG. Royal Bank Of Canada increased their price target on EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Weiss Ratings upgraded EOG Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Piper Sandler increased their price objective on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Sanford C. Bernstein increased their price objective on EOG Resources from $126.00 to $167.00 and gave the company a “market perform” rating in a report on Monday, April 13th. Finally, Jefferies Financial Group increased their price objective on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.59.

EOG Resources Trading Down 0.7%

Shares of EOG stock opened at $129.92 on Friday. EOG Resources has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $135.67 and its 200-day moving average price is $118.32. The stock has a market capitalization of $69.20 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 1.62 and a beta of 0.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities research analysts predict that EOG Resources will post 14.81 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Insider Activity

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,230 shares of company stock worth $2,522,568 over the last ninety days. 0.14% of the stock is owned by insiders.

Institutional Investors Weigh In On EOG Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources in the 4th quarter worth about $25,000. SJS Investment Consulting Inc. raised its position in shares of 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 during the period. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC purchased a new stake in EOG Resources in the fourth quarter valued at approximately $30,000. Finally, Financial Life Planners purchased a new stake in EOG Resources in the first quarter valued at approximately $30,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Key EOG Resources News

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

• Positive Sentiment: DA Davidson raised its price target on EOG Resources to $153 and reiterated a buy rating, signaling confidence in the company’s upside potential. EOG Resources (NYSE:EOG) Given New $153.00 Price Target at DA Davidson
• Positive Sentiment: JPMorgan and Truist both lifted their price targets on EOG, with JPMorgan increasing its target to $148 and Truist to $149, reflecting continued analyst optimism even though Truist kept a hold rating. JPMorgan adjusts price target on EOG Resources to 148 from 145 EOG Resources price target raised by Truist Financial Corporation
• Positive Sentiment: EOG reported better-than-expected first-quarter earnings and revenue, driven by strong output growth, and highlighted $1.49 billion in free cash flow along with dividends, buybacks, and a liquids-focused outlook. EOG Q1 Earnings & Revenues Beat Estimates on Strong Output Growth
• Neutral Sentiment: Some firms were more cautious: Stephens trimmed its target slightly to $167, and Scotiabank maintained a hold rating, while another note flagged rising 2026 capex as a potential free-cash-flow risk. Stephens adjusts price target on EOG Resources to 167 from 170 Scotiabank Keeps Their Hold Rating on EOG Resources EOG Resources’ Rising Capex in 2026 Raises Free Cash Flow and Shareholder Return Risks
• Positive Sentiment: Additional commentary around EOG’s 2026 plan for $8.5 billion in free cash flow and at least 70% shareholder returns has also reinforced the bullish backdrop for the stock. EOG outlines 2026 plan for $8.5B free cash flow while targeting at least 70 percent returns

EOG Resources Company 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.