Resona Asset Management Co. Ltd. Raises Stock Position in EOG Resources, Inc. $EOG

Resona Asset Management Co. Ltd. grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,799 shares of the energy exploration company’s stock after acquiring an additional 4,873 shares during the period. Resona Asset Management Co. Ltd.’s holdings in EOG Resources were worth $24,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in EOG Resources by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after purchasing an additional 446,341 shares in the last quarter. State Street Corp grew its position in shares of EOG Resources by 0.3% during the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after buying an additional 100,080 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of EOG Resources by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after buying an additional 371,548 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of EOG Resources by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock valued at $1,364,309,000 after buying an additional 95,260 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of EOG Resources by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after buying an additional 122,112 shares during the period. Institutional investors own 89.91% of the company’s stock.

Key EOG Resources News

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

• Positive Sentiment: Several recent analyst estimate revisions were constructive, with Zacks Research lifting earnings forecasts for 2026 and 2027 periods, suggesting expectations for EOG’s near-term profitability remain solid.
• Positive Sentiment: One valuation-focused article argued that EOG still looks below fair value, which may support longer-term investor interest if crude prices remain stable.
• Neutral Sentiment: There was no fresh operational update from EOG today; the stock appears to be moving mainly on broader oil-market sentiment and commodity-price expectations.
• Neutral Sentiment: Market commentary pointed to easing oil supply concerns after OPEC+ signaled additional barrels could return to the market, which can pressure upstream producers like EOG.
• Negative Sentiment: Citigroup lowered its price target on EOG to $141 from $147 while keeping a neutral rating, reinforcing a more cautious near-term view from Wall Street.
• Negative Sentiment: Rising supply expectations in crude markets may weigh on EOG’s shares because the company’s cash flow and earnings are closely tied to benchmark oil prices.

EOG Resources Stock Performance

EOG stock opened at $133.53 on Friday. The firm has a market cap of $71.12 billion, a price-to-earnings ratio of 13.14 and a beta of 0.25. The firm has a 50-day simple moving average of $135.69 and a two-hundred day simple moving average of $127.28. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.87 EPS. On average, equities analysts forecast that EOG Resources, Inc. will post 16.19 EPS for the current fiscal year.

EOG Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent research reports. Mizuho set a $157.00 price objective on EOG Resources and gave the company a “neutral” rating in a report on Wednesday, May 27th. Sanford C. Bernstein cut their target price on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Stephens reduced their price target on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Finally, Morgan Stanley lowered their price target on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and an average target price of $155.04.

About EOG Resources

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.