Institutions Shift Positions in EOG and ONEOK

Howard Capital Management Inc. raised its stake in EOG Resources, Inc. by 221.6% in the fourth quarter, according to its latest SEC filing. The firm owned 13,084 shares of the energy exploration company after buying an additional 9,015 shares, with the position valued at $1,374,000 at the end of the quarter.

Massachusetts Financial Services Co. MA reduced its EOG Resources holdings by 4.5% in the same period, selling 238,017 shares. It held 5,029,987 shares after the sale, representing approximately 0.93% of EOG Resources, worth $528,199,000 as of its most recent filing.

Other institutional investors also adjusted positions in EOG. Smaller new positions were established in recent quarters by firms such as JCIC Asset Management Inc., Olistico Wealth LLC and Mountain Hill Investment Partners Corp., while several advisers increased modest existing stakes.

Overall, hedge funds and other institutional investors owned 89.91% of EOG Resources, indicating significant institutional participation in the company’s shareholder base.

Howard Capital Management Inc. also increased its exposure to ONEOK, Inc. in the fourth quarter, lifting its stake by 297.3%. It owned 17,268 shares of the utilities provider after purchasing 12,922 additional shares, with the holding valued at $1,269,000 at period end.

Several other large investors raised their ONEOK positions in the third quarter. National Pension Service, Hudson Edge Investment Partners Inc., Nordea Investment Management AB, Tectonic Advisors LLC and Jones Financial Companies Lllp all reported higher stakes.

Hedge funds and other institutional investors collectively owned 69.13% of ONEOK, reflecting broad institutional involvement in the midstream energy company.

EOG Resources’ shares opened at $136.26 on Friday. The company had a 12‑month low of $101.59 and a 12‑month high of $151.87, with a market capitalization of $73.00 billion, a price‑to‑earnings ratio of 14.96, a PEG ratio of 2.84 and a beta of 0.32.

The company reported quarterly earnings on Tuesday, February 24th. EOG posted earnings per share of $2.27, topping the consensus estimate of $2.20. Revenue was $5.64 billion, compared with analyst expectations of $5.36 billion, and was up 0.9% year over year. Net margin was 22.00% and return on equity was 18.67%.

Analysts as a group expect EOG Resources to post earnings of 11.47 per share for the current year. The stock’s 50‑day moving average was $130.01 and its 200‑day moving average was $115.52.

EOG declared a quarterly dividend of $1.02 per share, payable on Thursday, April 30th to shareholders of record on Thursday, April 16th, with an ex‑dividend date of the same day. This represents an annualized dividend of $4.08 and a yield of 3.0%. The dividend payout ratio was 44.79%.

ONEOK shares opened at $86.26 on Friday. The company reported a 1‑year low of $64.02 and a 1‑year high of $95.30. ONEOK had a market cap of $54.35 billion, a price‑to‑earnings ratio of 15.91, a PEG ratio of 6.53 and a beta of 0.84.

In its earnings release on Monday, February 23rd, ONEOK reported earnings per share of $1.55, ahead of the $1.50 consensus estimate. Revenue came in at $9.07 billion, compared with analysts’ expectations of $8.77 billion. Net margin was 10.09% and return on equity was 15.29%.

The company has set its fiscal 2026 guidance at 5.040 to 5.870 in earnings per share. Research analysts as a group expect ONEOK to post 5.07 earnings per share for the current fiscal year.

ONEOK announced a quarterly dividend of $1.07 per share, paid on Friday, February 13th to shareholders of record on Monday, February 2nd, with an ex‑dividend date of February 2nd. The dividend equates to $4.28 on an annualized basis, for a yield of 5.0%. ONEOK’s dividend payout ratio was 78.97%.

Recent filings show insider selling at EOG Resources. CFO Ann D. Janssen sold 4,161 shares on Thursday, March 19th at an average price of $140.04 per share. Following the transaction, she owned 100,246 shares. COO Jeffrey R. Leitzell sold 5,698 shares on Tuesday, March 31st at an average price of $150.32, leaving him with 88,045 shares.

In the last 90 days, insiders sold 18,230 EOG shares worth $2,522,568. Company insiders owned 0.14% of the stock. Analyst coverage remained active, with multiple firms adjusting price targets and ratings, resulting in an average rating of "Hold" and a consensus target price of $148.11, according to MarketBeat data.

Analysts also updated views on ONEOK. Wolfe Research downgraded the stock to "peer perform," while Jefferies Financial Group raised its price target to $100.00 and assigned a "buy" rating.

Additional targets included $89.00 from Mizuho, $84.00 with a "sector perform" rating from Royal Bank of Canada, and a $103.00 target with a "buy" rating from UBS Group. Overall, nine analysts rated ONEOK "Buy" and nine "Hold," for a consensus rating of "Moderate Buy" and a consensus target price of $89.63.