EOG Resources (NYSE:EOG) Downgraded by Freedom Capital to “Hold”

Freedom Capital lowered shares of EOG Resources (NYSE:EOG) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. DA Davidson boosted their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Susquehanna restated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $156.32.

EOG Resources Stock Up 1.5%

Shares of NYSE:EOG opened at $136.21 on Wednesday. The company’s fifty day moving average is $137.21 and its 200-day moving average is $132.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 1.85. EOG Resources has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a market capitalization of $71.45 billion, a PE ratio of 10.60 and a beta of 0.25.

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 business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the company posted $2.32 EPS. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. Equities research analysts predict that EOG Resources will post 16.32 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Hedge Funds Weigh In On EOG Resources

A number of large investors have recently modified their holdings of the stock. Sivia Capital Partners LLC acquired a new position in EOG Resources during the 2nd quarter worth $258,000. Quantbot Technologies LP bought a new position in EOG Resources in the 2nd quarter valued at $349,000. Gamco Investors INC. ET AL increased its stake in shares of EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after buying an additional 4,485 shares during the period. NewEdge Advisors LLC increased its stake in shares of EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares during the period. Finally, Sei Investments Co. increased its stake in shares of EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after buying an additional 15,250 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting EOG Resources

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

• Positive Sentiment: Quarterly earnings beat expectations: EOG reported adjusted earnings of $5.07 per share, ahead of the $4.97 consensus estimate. Revenue rose 57.4% year over year to $8.62 billion, supported by higher oil prices and a 24.4% increase in production. Net income more than doubled, while strong free cash flow reinforces the company’s ability to fund growth and return capital. EOG Q2 Earnings Beat Estimates on Higher Volumes & Prices
• Positive Sentiment: UAE exploration is progressing well: EOG highlighted positive results from UAE wells, potentially opening an additional international growth avenue. Management emphasized selective development, cost discipline and flexibility rather than pursuing growth at any price. EOG Q2 Earnings Call Highlights UAE Progress & Cost Discipline
• Positive Sentiment: Longer-term inventory and shareholder-return outlook improved: EOG’s expanded Austin Chalk position is expected to add roughly a year of drilling inventory. The company also declared a quarterly dividend of $1.02 per share, equivalent to $4.08 annually and an approximately 3.0% yield. EOG Accumulates Austin Chalk Position
• Neutral Sentiment: 2026 spending plan balances growth and capital discipline: EOG plans approximately $6.5 billion in capital expenditures to target 5% oil production growth while advancing UAE appraisal work. The plan supports expansion, but investors will monitor whether spending delivers attractive returns amid changing commodity prices. EOG 2026 Plan
• Neutral Sentiment: Analyst view improved, but conviction remains limited: Truist raised its price target from $134 to $153 while maintaining a “hold” rating, implying additional valuation upside but signaling that the firm does not yet recommend buying aggressively.

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.