Grantham Mayo Van Otterloo & Co. LLC Has $30.42 Million Holdings in EOG Resources, Inc. $EOG

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 29.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,326 shares of the energy exploration company’s stock after purchasing an additional 61,509 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in EOG Resources were worth $30,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hemington Wealth Management boosted its stake in shares of EOG Resources by 7.2% in 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 during the period. apricus wealth LLC increased its stake in EOG Resources by 5.0% during the 3rd 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 during the period. Sowell Financial Services LLC increased its stake in EOG Resources by 1.6% during the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 96 shares during the period. Hardy Reed LLC raised its holdings in 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 in the last quarter. Finally, RKL Wealth Management LLC raised its holdings in EOG Resources by 0.5% in the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after acquiring an additional 98 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EOG has been the topic of several analyst reports. Mizuho set a $134.00 target price on EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. Raymond James Financial boosted their price target on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Barclays reduced their price objective on shares of 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, Piper Sandler raised their target price on shares of EOG Resources from $123.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday. One 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 data from MarketBeat, EOG Resources has an average rating of “Hold” and an average price target of $135.31.

EOG Resources Price Performance

EOG Resources stock opened at $131.74 on Monday. The stock has a 50-day moving average price of $113.78 and a two-hundred day moving average price of $112.08. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $134.00. The company has a market capitalization of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the previous year, the business posted $2.74 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 11.47 EPS 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. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 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 that occurred on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $11,445,850. This represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 7,774 shares of company stock worth $945,895. Insiders own 0.13% of the company’s stock.

EOG Resources Company Profile

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.