EOG Resources Q4 EPS Estimate Cut by Capital One Financial

EOG Resources, Inc. (NYSE:EOG) – Research analysts at Capital One Financial lowered their Q4 2024 EPS estimates for shares of EOG Resources in a report released on Tuesday, November 12th. Capital One Financial analyst P. Johnston now expects that the energy exploration company will post earnings per share of $2.50 for the quarter, down from their prior forecast of $2.64. The consensus estimate for EOG Resources’ current full-year earnings is $11.48 per share. Capital One Financial also issued estimates for EOG Resources’ Q1 2025 earnings at $2.39 EPS, Q2 2025 earnings at $2.51 EPS, Q3 2025 earnings at $2.63 EPS, Q4 2025 earnings at $2.68 EPS, FY2025 earnings at $10.21 EPS and FY2026 earnings at $11.73 EPS.

Several other research analysts have also commented on EOG. Wolfe Research began coverage on EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Tuesday. Truist Financial increased their price target on shares of EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday. Piper Sandler dropped their price objective on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Finally, StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $142.20.

EOG Resources Stock Up 0.9 %

EOG opened at $134.34 on Wednesday. EOG Resources has a one year low of $108.94 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $75.56 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28. The business’s 50-day simple moving average is $125.47 and its 200-day simple moving average is $125.92.

EOG Resources announced that its Board of Directors has approved a share buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.90%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

Insider Transactions at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Several hedge funds have recently bought and sold shares of EOG. Bridgewater Associates LP lifted its position in shares of EOG Resources by 1,003.6% in the third quarter. Bridgewater Associates LP now owns 343,160 shares of the energy exploration company’s stock valued at $42,185,000 after acquiring an additional 312,064 shares in the last quarter. Freedom Investment Management Inc. lifted its holdings in EOG Resources by 2.9% in the 3rd quarter. Freedom Investment Management Inc. now owns 6,404 shares of the energy exploration company’s stock valued at $787,000 after purchasing an additional 179 shares in the last quarter. Townsquare Capital LLC lifted its holdings in EOG Resources by 15.5% in the 3rd quarter. Townsquare Capital LLC now owns 18,811 shares of the energy exploration company’s stock valued at $2,312,000 after purchasing an additional 2,521 shares in the last quarter. Cadence Bank boosted its stake in shares of EOG Resources by 1.5% during the 3rd quarter. Cadence Bank now owns 88,442 shares of the energy exploration company’s stock worth $10,872,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Avestar Capital LLC grew its holdings in shares of EOG Resources by 37.8% during the third quarter. Avestar Capital LLC now owns 2,594 shares of the energy exploration company’s stock worth $319,000 after buying an additional 711 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.