Baillie Gifford & Co. trimmed its position in shares of EOG Resources Inc (NYSE:EOG) by 0.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,005,542 shares of the energy exploration company’s stock after selling 26,946 shares during the period. Baillie Gifford & Co. owned approximately 0.86% of EOG Resources worth $526,934,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Artisan Partners Limited Partnership grew its stake in EOG Resources by 1.0% during the first quarter. Artisan Partners Limited Partnership now owns 471,216 shares of the energy exploration company’s stock worth $49,605,000 after buying an additional 4,829 shares in the last quarter. Elmwood Wealth Management Inc. acquired a new stake in EOG Resources during the first quarter worth about $533,000. Alleghany Corp DE grew its stake in EOG Resources by 22.9% during the first quarter. Alleghany Corp DE now owns 546,000 shares of the energy exploration company’s stock worth $57,477,000 after buying an additional 101,805 shares in the last quarter. Smith Salley & Associates grew its stake in EOG Resources by 1.6% during the first quarter. Smith Salley & Associates now owns 45,237 shares of the energy exploration company’s stock worth $4,762,000 after buying an additional 691 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in EOG Resources by 1.1% during the first quarter. Gabelli Funds LLC now owns 249,300 shares of the energy exploration company’s stock worth $26,244,000 after buying an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 85.28% of the company’s stock.
EOG has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 9th. Royal Bank of Canada set a $120.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Friday, April 13th. UBS initiated coverage on shares of EOG Resources in a research note on Wednesday, March 7th. They set a “buy” rating and a $125.00 price objective on the stock. Credit Suisse Group reduced their price objective on shares of EOG Resources from $126.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Finally, ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $122.57.
In related news, CAO Ann D. Janssen sold 1,258 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $126.35, for a total value of $158,948.30. Following the completion of the transaction, the chief accounting officer now owns 53,828 shares in the company, valued at approximately $6,801,167.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Timothy K. Driggers sold 10,489 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $126.31, for a total transaction of $1,324,865.59. Following the completion of the transaction, the chief financial officer now owns 205,338 shares of the company’s stock, valued at approximately $25,936,242.78. The disclosure for this sale can be found here. Insiders sold 67,453 shares of company stock valued at $8,423,028 in the last three months. Company insiders own 0.51% of the company’s stock.
EOG Resources opened at $123.76 on Wednesday, Marketbeat.com reports. The stock has a market capitalization of $72.81 billion, a PE ratio of 110.50, a P/E/G ratio of 3.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.06. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $128.03.
EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 3rd. The energy exploration company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.39. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.51 billion. EOG Resources had a net margin of 26.00% and a return on equity of 8.19%. The business’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. analysts anticipate that EOG Resources Inc will post 4.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Saturday, July 7th will be issued a $0.185 dividend. The ex-dividend date is Monday, July 16th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.60%. EOG Resources’s dividend payout ratio (DPR) is currently 66.07%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.
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