Baillie Gifford & Co. Has $16.15 Million Stake in EOG Resources, Inc. $EOG

Baillie Gifford & Co. raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,033 shares of the energy exploration company’s stock after acquiring an additional 16,705 shares during the quarter. Baillie Gifford & Co.’s holdings in EOG Resources were worth $16,149,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC grew its stake in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. Ameriflex Group Inc. lifted its stake in EOG Resources by 31.6% in the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after buying an additional 91 shares during the period. Hemington Wealth Management boosted its holdings in shares of EOG Resources by 7.2% during the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after buying an additional 93 shares in the last quarter. apricus wealth LLC grew its position in shares of 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 buying an additional 95 shares during the period. Finally, Sowell Financial Services LLC increased its stake in shares of EOG Resources by 1.6% in the 3rd quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 96 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Johnson Rice cut their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Piper Sandler dropped their price objective on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Citigroup reissued a “neutral” rating and set a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. The Goldman Sachs Group decreased their target price on EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, UBS Group reaffirmed a “buy” rating and set a $141.00 price target (down from $144.00) on shares of EOG Resources in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $134.67.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $108.26 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market cap of $58.74 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 9.00 and a beta of 0.49. The stock’s fifty day simple moving average is $106.68 and its two-hundred day simple moving average is $112.15. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $135.87.

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

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

EOG Resources 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.