EOG Resources (NYSE:EOG) Price Target Raised to $149.00

EOG Resources (NYSE:EOG) had its price objective hoisted by analysts at Truist Financial from $146.00 to $149.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the energy exploration company’s stock. Truist Financial’s price target suggests a potential upside of 13.65% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. Barclays raised their target price on shares of EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. upped their target price on EOG Resources from $145.00 to $148.00 in a research note on Thursday. Mizuho lifted their price target on shares of EOG Resources from $147.00 to $149.00 and gave the stock a “neutral” rating in a research note on Wednesday. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Finally, UBS Group increased their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.59.

EOG Resources Stock Up 0.2%

EOG stock traded up $0.21 during trading hours on Friday, hitting $131.10. The company’s stock had a trading volume of 1,273,540 shares, compared to its average volume of 4,978,566. The stock has a 50 day moving average price of $135.67 and a two-hundred day moving average price of $118.32. EOG Resources has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a market capitalization of $70.23 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.67 and a beta of 0.27. The company has a quick ratio of 1.42, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business 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%. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 EPS. On average, equities research analysts expect that EOG Resources will post 14.81 earnings per share for the current year.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,230 shares of company stock valued at $2,522,568 over the last three months. 0.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EOG Resources

Hedge funds have recently added to or reduced their stakes in the stock. Rockland Trust Co. increased its position in EOG Resources by 5.1% in the third quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after purchasing an additional 11,965 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of EOG Resources by 21.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock valued at $7,380,000 after purchasing an additional 11,442 shares during the last quarter. Legal & General Group Plc grew its position in shares of EOG Resources by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after buying an additional 68,888 shares during the period. AlphaQuest LLC raised its stake in shares of EOG Resources by 1,413.5% during the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after buying an additional 23,846 shares during the last quarter. Finally, L2 Asset Management LLC lifted its holdings in EOG Resources by 69.6% in the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after buying an additional 7,940 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: Q1 beat — EOG posted better‑than‑expected Q1 results (EPS and revenue beat, strong output growth) and generated roughly $1.49B of free cash flow; management highlighted dividends, opportunistic buybacks and a liquids‑leaning stance in guidance, supporting near‑term shareholder returns. EOG Q1 Earnings & Revenues Beat Estimates on Strong Output Growth
• Positive Sentiment: Analyst upgrades/targets — DA Davidson raised its price target to $153 and reiterated a buy, signaling institutional confidence in EOG’s cash‑return profile. DA Davidson Raises Price Target on EOG to $153
• Positive Sentiment: JPMorgan raised its target slightly to $148, another vote of confidence from sell‑side coverage that helps underpin the rally. JPMorgan Adjusts Price Target on EOG to $148
• Positive Sentiment: Independent buys — Siebert Williams Shank published a buy, adding to positive analyst momentum. EOG Gets a Buy from Siebert Williams Shank & Co
• Neutral Sentiment: Company 2026 plan — EOG outlined a 2026 plan targeting ~$8.5B free cash flow and at least 70% returns to shareholders, reinforcing capital‑return priorities; execution and commodity pricing will determine realized outcomes. EOG Outlines 2026 Plan for $8.5B Free Cash Flow
• Neutral Sentiment: Mixed sell‑side moves — Scotiabank maintained a hold on EOG while Stephens trimmed its target slightly (from $170 to $167); these keep a range of views in the market despite upgrades. Scotiabank Keeps Hold Rating on EOG Stephens Adjusts Price Target on EOG to $167
• Negative Sentiment: Capex/FCF risk — Analysts flagged rising 2026 capex that could pressure free cash flow and shareholder returns if production or commodity prices deviate from plan. This is a key watch item for investors focused on dividends and buybacks. Rising Capex in 2026 Raises FCF and Shareholder Return Risks
• Negative Sentiment: Outlook caution — Some coverage noted that, despite the quarter’s beat, a tepid outlook or execution questions weighed on shares briefly, so investor attention will be on guidance cadence and capital allocation execution. EOG Beats Q1 But Tepid Outlook Weighs on Shares

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.