Cadence Wealth Management LLC Raises Position in EOG Resources, Inc. $EOG

Cadence Wealth Management LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 63.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,740 shares of the energy exploration company’s stock after acquiring an additional 3,382 shares during the period. EOG Resources comprises about 0.5% of Cadence Wealth Management LLC’s holdings, making the stock its 25th largest holding. Cadence Wealth Management LLC’s holdings in EOG Resources were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources during the fourth quarter valued at about $25,000. SJS Investment Consulting Inc. lifted its stake 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 valued at $26,000 after purchasing an additional 124 shares during the period. Prosperity Bancshares Inc bought a new stake in shares of EOG Resources during the 4th quarter valued at $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources during the fourth quarter worth about $30,000. Finally, Financial Life Planners bought a new stake in shares of EOG Resources in the 1st quarter worth approximately $30,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

NYSE EOG opened at $153.06 on Friday. The business has a 50 day simple moving average of $138.75 and a two-hundred day simple moving average of $135.00. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $153.67. The stock has a market capitalization of $80.28 billion, a PE ratio of 11.91, a P/E/G ratio of 0.57 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. EOG Resources’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.32 earnings per share. On average, research analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business 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 of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. EOG Resources’s payout ratio is currently 31.75%.

EOG Resources News Summary

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

• Positive Sentiment: Higher earnings estimates: Zacks Research raised its forecasts for EOG’s third-quarter 2026 EPS to $4.42 from $3.87, fiscal 2026 EPS to $16.78 from $15.59, first-quarter 2027 EPS to $4.08 from $3.47, third-quarter 2027 EPS to $3.35 from $3.03, and fiscal 2027 EPS to $14.03 from $13.05. These revisions indicate stronger projected profitability across several periods. MarketBeat EOG estimates
• Positive Sentiment: Value appeal: Zacks highlighted EOG as a strong value stock, which may attract investors seeking a relatively inexpensive energy producer with earnings support. The company’s reported valuation metrics include a P/E ratio near 12 and a price-to-earnings-growth ratio below 1. Here’s Why EOG Resources Is a Strong Value Stock
• Neutral Sentiment: Upcoming earnings focus: Analysts have published predictions for EOG’s fourth-quarter results. The estimates could influence the stock as investors assess commodity prices, production trends and the sustainability of recent earnings strength. Analysts Offer Predictions for EOG Resources Q4 Earnings
• Negative Sentiment: Longer-term estimate reduction: Zacks cut its second-quarter 2028 EPS forecast to $3.10 from $3.49, signaling some concern about earnings normalization beyond fiscal 2027. Zacks continues to rate EOG “Hold,” tempering the bullish impact of the other estimate increases. MarketBeat EOG estimates

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley set a $157.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research note on Wednesday. DA Davidson boosted their target price on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $183.00 price objective on shares of EOG Resources in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $155.41.

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.