Capital One Financial Weighs in on EOG Resources Q4 Earnings

EOG Resources, Inc. (NYSE:EOG) – Capital One Financial lowered their Q4 2024 earnings per share (EPS) estimates for EOG Resources in a research note issued on Tuesday, November 12th. Capital One Financial analyst P. Johnston now anticipates that the energy exploration company will earn $2.50 per share 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.

EOG has been the topic of a number of other reports. KeyCorp reduced their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Susquehanna dropped their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Piper Sandler lowered their target price on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Sanford C. Bernstein cut their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Finally, Barclays lowered their price objective on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Thirteen 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $142.20.

EOG Resources Price Performance

EOG opened at $133.10 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market capitalization of $74.86 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 3.53 and a beta of 1.28. The business’s 50-day moving average is $125.28 and its two-hundred day moving average is $125.94. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 2.93%. The ex-dividend date is Friday, January 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s payout ratio is presently 29.31%.

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

Insider Buying and Selling at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On EOG Resources

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in EOG Resources in the third quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in shares of EOG Resources in the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources during the 2nd quarter worth $28,000. Eastern Bank acquired a new stake in shares of EOG Resources during the 3rd quarter worth about $28,000. Finally, Gladius Capital Management LP purchased a new stake in EOG Resources in the 2nd quarter valued at about $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

About EOG Resources

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.