OVERSEA CHINESE BANKING Corp Ltd Acquires 267,385 Shares of EOG Resources, Inc. $EOG

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5,084.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,644 shares of the energy exploration company’s stock after purchasing an additional 267,385 shares during the period. EOG Resources comprises 0.8% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 24th biggest holding. OVERSEA CHINESE BANKING Corp Ltd owned about 0.05% of EOG Resources worth $35,370,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. raised its holdings in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares in the last quarter. Financial Life Planners bought a new stake in EOG Resources in the first quarter valued at $30,000. Acumen Wealth Advisors LLC bought a new stake in EOG Resources in the fourth quarter valued at $25,000. Prosperity Bancshares Inc acquired a new position in EOG Resources during the fourth quarter worth $26,000. Finally, Global Assets Advisory LLC acquired a new position in EOG Resources during the first quarter worth $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EOG. Weiss Ratings reissued a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. Roth Capital reiterated a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley set a $157.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $155.41.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $152.33 on Friday. The business has a fifty day moving average of $138.42 and a 200-day moving average of $134.87. The firm has a market cap of $79.90 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.56 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (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 company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period in the prior year, the business earned $2.32 earnings per share. EOG Resources’s quarterly revenue was up 57.4% on a year-over-year basis. On average, equities research analysts predict that EOG Resources, Inc. will post 16.55 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given 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 2.7%. EOG Resources’s payout ratio is presently 31.75%.

Key Stories Impacting EOG Resources

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

• Positive Sentiment: Zacks raised its estimates for EOG’s third-quarter 2026 EPS to $4.42 from $3.87, full-year 2026 EPS to $16.78 from $15.59, first-quarter 2027 EPS to $4.08 from $3.47, and full-year 2027 EPS to $14.03 from $13.05. The upward revisions suggest stronger expected near-term profitability and are the primary bullish catalyst. EOG Resources analyst estimates
• Positive Sentiment: Zacks also increased estimates for fourth-quarter 2026 EPS to $3.88, fourth-quarter 2027 EPS to $3.33, first-quarter 2028 EPS to $3.50, and full-year 2028 EPS to $13.18. These revisions indicate analysts continue to see support for EOG’s earnings outlook beyond 2026.
• Neutral Sentiment: Zacks maintained a “Hold” rating, tempering the impact of the higher forecasts. The current-year consensus EPS estimate remains $16.43, while the company’s latest reported quarter exceeded expectations and revenue increased sharply year over year.
• Negative Sentiment: Some longer-term estimates were reduced: second-quarter 2027 EPS fell to $3.26 from $3.33, and second-quarter 2028 EPS declined to $3.10 from $3.49. These cuts point to possible moderation in earnings growth later in the forecast period.
• Negative Sentiment: Higher Treasury yields—including the 30-year yield briefly reaching a 19-year high—could pressure income-oriented and valuation-sensitive energy stocks by making bonds more competitive and raising financing costs. Dividend Stocks Lost the Yield War But May Still Beat the Market

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.