EOG Resources (NYSE:EOG) Given New $141.00 Price Target at Citigroup

EOG Resources (NYSE:EOG) had its price objective cut by Citigroup from $147.00 to $141.00 in a research note issued to investors on Wednesday morning,MarketScreener reports.

EOG has been the topic of several other research reports. Susquehanna upped their price objective on shares of EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. Raymond James Financial dropped their target price on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research report on Monday, June 22nd. Royal Bank Of Canada upped their price target on shares of EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Capital One Financial decreased their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, Sanford C. Bernstein lowered their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $155.04.

EOG Resources Trading Down 1.9%

EOG opened at $134.97 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $135.73 and its two-hundred day moving average is $127.06. The company has a market capitalization of $71.89 billion, a P/E ratio of 13.34 and a beta of 0.25. EOG Resources has a 52 week low of $101.59 and a 52 week high of $151.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping 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 return on equity of 19.25% and a net margin of 23.01%.The business’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.87 EPS. Analysts forecast that EOG Resources will post 16.19 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio is presently 40.16%.

Hedge Funds Weigh In On EOG Resources

A number of institutional investors have recently modified their holdings of EOG. Legal & General Group Plc boosted its position in EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after acquiring an additional 68,888 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in EOG Resources by 66.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after acquiring an additional 7,877 shares during the last quarter. L2 Asset Management LLC raised its position 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 purchasing an additional 7,940 shares during the period. Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of EOG Resources by 39.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after purchasing an additional 24,500 shares during the last quarter. Finally, Cumberland Partners Ltd lifted its stake in shares of EOG Resources by 432.0% in the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock valued at $1,625,000 after purchasing an additional 12,562 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Trending Headlines about EOG Resources

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

• Positive Sentiment: Seeking Alpha says EOG Resources still appears to be trading at a discount to fair value, which can support investor demand if the market starts to re-rate the stock. EOG Resources: A Premium Oil Producer Trading At A Discount (Rating Upgrade)
• Positive Sentiment: Zacks Research raised near-term earnings estimates for EOG, including Q2 2026, Q3 2026, Q4 2026, and FY2026, which suggests analysts see improving profitability ahead.
• Positive Sentiment: Analyst commentary highlighted EOG’s free cash flow potential and strong earnings history, both of which are typically favorable for an energy producer’s valuation.
• Neutral Sentiment: Zacks Research maintained a Hold rating, so while estimates improved in several periods, the firm did not turn more bullish on the stock.
• Negative Sentiment: Zacks trimmed some longer-term estimates, including FY2027, FY2028 and Q1 2028, which could temper enthusiasm about EOG’s growth trajectory beyond the next few years.

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.