Capital One Financial Comments on EOG Resources Q4 Earnings

EOG Resources, Inc. (NYSE:EOG) – Equities research analysts at Capital One Financial decreased their Q4 2024 earnings per share estimates for shares of EOG Resources in a research report issued to clients and investors on Tuesday, November 12th. Capital One Financial analyst P. Johnston now forecasts that the energy exploration company will earn $2.50 per share for the quarter, down from their prior estimate 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.

A number of other equities analysts have also recently issued reports on EOG. Truist Financial increased their target price on EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday. Scotiabank decreased their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company decreased their price objective on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. UBS Group decreased their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $142.20.

EOG Resources Price Performance

EOG stock opened at $135.19 on Wednesday. The stock has a 50-day moving average price of $125.70 and a two-hundred day moving average price of $125.98. The stock has a market cap of $76.04 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67.

Institutional Investors Weigh In On EOG Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in EOG. Capital World Investors raised its position in EOG Resources by 5.4% during the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares in the last quarter. Fisher Asset Management LLC raised its position in EOG Resources by 856.7% during the third quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock valued at $147,621,000 after purchasing an additional 1,075,334 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in EOG Resources during the second quarter valued at approximately $106,990,000. Capital International Investors raised its position in EOG Resources by 7.1% during the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares in the last quarter. Finally, Legal & General Group Plc raised its position in EOG Resources by 9.1% during the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after purchasing an additional 403,676 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 12.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The trade was a 9.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

EOG Resources declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 2.88%. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

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.