EOG Resources, Inc. (NYSE: EOG) is listed as one of the 12 best commodity stocks to buy right now, with significant hedge fund interest. The company’s strong cash flow supports its robust pipeline amid oil supply challenges, with RBC Capital maintaining a price target of $145 and a “Buy” rating.

EOG Resources, Inc. (NYSE: EOG) reported solid Q3 results, with $1.5 billion in net income and $1.4 billion in free cash flow. The company recorded adjusted EPS of $2.71 and adjusted operating cash flow per share of $5.57, reinforcing its commitment to shareholder returns with $1 billion in dividends and repurchases.

During the quarter, EOG Resources, Inc. (NYSE: EOG) increased its regular dividend payments by 8% YoY and conducted buybacks of nearly $450 million, with a quarterly dividend payment reaching almost $550 million. The company raised its free cash flow guidance to $4.5 billion and ended the quarter with $3.5 billion in cash and $7.7 billion in long-term debt.

EOG Resources, Inc. (NYSE: EOG) remains confident in its resilience amid short-term oil supply challenges, thanks to its robust portfolio that includes assets in the Delaware Basin, Eagle Ford, Utica, and emerging gas plays. The company operates large-scale shale assets across various regions and is optimistic about its future performance.

Read more at Yahoo Finance: Strong Cash Flow to Support EOG Resources’ (EOG) Robust Pipeline Amid Oil Supply Headwinds; RBC Capital Remains Bullish