EOG Resources (NYSE:EOG) Hits New 1-Year High After Analyst Upgrade

Shares of EOG Resources, Inc. (NYSE:EOG) reached a new 52-week high during trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $131.32 and last traded at $128.5650, with a volume of 1036720 shares trading hands. The stock had previously closed at $128.65.

Several other equities analysts have also recently commented on EOG. UBS Group boosted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets upped their target price on EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday. KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Barclays lowered their price target on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Finally, Scotiabank set a $123.00 price objective on EOG Resources and gave the company a “sector perform” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $135.15.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $11,445,850. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 7,774 shares of company stock valued at $945,895 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Key Headlines Impacting EOG Resources

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

• Positive Sentiment: BMO Capital Markets raised its price target to $140 and maintained an “outperform” rating, signaling roughly 9% upside vs. the current level. BMO Capital PT Raise
• Positive Sentiment: UBS raised its price target to $149 and kept a “buy” rating — a larger implied upside (~16%) that can support further buying interest. UBS PT Raise
• Positive Sentiment: Zacks Research upgraded EOG from “strong sell” to “hold,” reducing a negative analyst stance and removing a potential headwind to sentiment. Zacks Upgrade
• Neutral Sentiment: Coverage and commentary note recent share-price momentum (double-digit moves over 1–3 months) and ask whether valuation now matches fundamentals — this keeps EOG on investors’ radar but is mixed for near-term direction. Valuation Analysis
• Neutral Sentiment: Management presented at the Raymond James institutional conference (transcript available), providing investor access to strategy and execution commentary — useful for longer-term conviction but not an immediate catalyst. Conference Transcript
• Neutral Sentiment: Finance press pieces discuss relative performance vs. the Dow and broader energy/LNG sector headlines (e.g., Venture Global results) — useful context but not directly company-specific catalysts. Performance Discussion Sector Headline
• Negative Sentiment: COO Jeffrey R. Leitzell sold 2,000 shares on March 3 at an average $130 and 1,774 shares on March 2 at $126.57, trimming his stake by ~2% across the two trades. Insider sales can be viewed negatively by some investors, though the sizes are modest relative to his remaining holdings. SEC Filing

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Capital World Investors increased its holdings in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after acquiring an additional 782,426 shares in the last quarter. Vanguard Group Inc. boosted its stake in EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares during the last quarter. State Street Corp boosted its position in shares of EOG Resources by 0.3% during the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after buying an additional 100,080 shares during the last quarter. Capital Research Global Investors increased its holdings in EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after buying an additional 122,486 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after acquiring an additional 371,548 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $68.68 billion, a PE ratio of 14.05 and a beta of 0.44. The firm’s fifty day moving average price is $112.67 and its two-hundred day moving average price is $111.93.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business posted $2.74 EPS. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, April 16th. EOG Resources’s payout ratio is 44.79%.

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.