Wells Fargo & Company Issues Positive Forecast for EOG Resources (NYSE:EOG) Stock Price

EOG Resources (NYSE:EOG) had its price objective raised by Wells Fargo & Company from $127.00 to $155.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the energy exploration company’s stock.

Several other equities research analysts have also recently issued reports on the company. Piper Sandler raised their price objective on EOG Resources from $127.00 to $144.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. UBS Group upped their target price on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wolfe Research increased their target price on EOG Resources from $140.00 to $152.00 in a research report on Monday, March 9th. Barclays decreased their price target on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Finally, Susquehanna lowered their price target on EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $137.77.

EOG Resources Stock Performance

Shares of EOG opened at $134.57 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a market capitalization of $72.19 billion, a price-to-earnings ratio of 14.77 and a beta of 0.44. The company’s 50 day simple moving average is $116.98 and its 200 day simple moving average is $112.53. EOG Resources has a 1 year low of $101.59 and a 1 year high of $136.14.

EOG Resources (NYSE:EOG) last announced its 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 analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $2.74 earnings per share. On average, sell-side analysts predict that EOG Resources will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company 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 $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer directly owned 61,481 shares in the company, valued at $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 2,597 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $134.31, for a total value of $348,803.07. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $13,464,040.26. This trade represents a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,371 shares of company stock worth $1,294,698 in the last quarter. 0.13% of the stock is owned by insiders.

Institutional Trading of EOG Resources

A number of institutional investors have recently modified their holdings of the company. Hemington Wealth Management lifted its position in EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after buying an additional 93 shares in the last quarter. Bollard Group LLC increased its position in shares of EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after acquiring an additional 93 shares in the last quarter. apricus wealth LLC increased its position in shares of EOG Resources by 5.0% in the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after acquiring an additional 95 shares in the last quarter. Sowell Financial Services LLC raised its stake in shares of EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 96 shares during the period. Finally, Hardy Reed LLC raised its stake in shares of EOG Resources by 4.5% in the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Key Stories Impacting EOG Resources

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

• Positive Sentiment: Wells Fargo raised its price target to $155 and reiterated an “overweight” rating, signaling meaningful upside versus the current price; this is a strong near‑term catalyst for buyers. Article Title
• Positive Sentiment: Piper Sandler boosted its target to $144, adding to the sequence of broker upgrades that reinforce investor confidence in EOG’s earnings and cash‑flow outlook. Piper Sandler Raises EOG PT to $144
• Positive Sentiment: Barclays lifted its target to $140 while keeping an Equal Weight rating—another vote of confidence that supports the view EOG may be undervalued at current levels. Article Title
• Positive Sentiment: Coverage from outlets (CNBC/TipRanks and investment roundups) highlights EOG as a dividend‑paying energy name favored by some analysts, which can attract income‑oriented and institutional demand. Top Wall Street analysts are bullish
• Neutral Sentiment: Multiple articles and lists discuss EOG as an “undervalued” large‑cap energy stock and include it in top energy stock roundups—useful for sentiment but largely echoing analyst upgrades rather than new fundamental developments. Is EOG One of the Most Undervalued?
• Neutral Sentiment: CFO Ann Janssen sold 2,597 shares on March 12 (SEC Form 4 filed); the sale reduced her position by ~2.5% but she retains a large holding—this is worth noting but not an obvious sign of company‑level trouble. SEC Form 4
• Negative Sentiment: Zacks cut earnings estimates for EOG, which could weigh on forward expectations if other shops follow; this is the primary near‑term negative item to monitor for revisions to consensus. Zacks Cuts Earnings Estimates

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.