Baird Financial Group Inc. Sells 50,620 Shares of EOG Resources, Inc. $EOG

Baird Financial Group Inc. reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 8.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 563,098 shares of the energy exploration company’s stock after selling 50,620 shares during the quarter. Baird Financial Group Inc.’s holdings in EOG Resources were worth $67,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Saudi Central Bank bought a new position in EOG Resources during the first quarter worth $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the 2nd quarter valued at about $29,000. ORG Partners LLC grew its stake in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Finally, Keener Financial Planning LLC bought a new position in EOG Resources in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of several recent research reports. Sanford C. Bernstein reduced their price target on EOG Resources from $146.00 to $144.00 and set a “market perform” rating for the company in a research note on Friday, November 21st. Piper Sandler reduced their target price on EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. The Goldman Sachs Group dropped their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Finally, Melius assumed coverage on EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $140.04.

EOG Resources Price Performance

Shares of EOG opened at $112.13 on Friday. The business has a 50-day moving average of $108.28 and a 200-day moving average of $115.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The company has a market capitalization of $60.84 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 8.44 and a beta of 0.49. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.89 EPS. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.