Cooke & Bieler LP Has $95.37 Million Holdings in EOG Resources, Inc. $EOG

Cooke & Bieler LP lifted its position in EOG Resources, Inc. (NYSE:EOG) by 63.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 908,164 shares of the energy exploration company’s stock after purchasing an additional 354,191 shares during the quarter. Cooke & Bieler LP’s holdings in EOG Resources were worth $95,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockland Trust Co. lifted its holdings in shares of EOG Resources by 5.1% during the 3rd quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock worth $27,618,000 after acquiring an additional 11,965 shares during the period. Legal & General Group Plc raised its position in EOG Resources by 2.1% in the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after purchasing an additional 68,888 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in EOG Resources by 21.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock worth $7,380,000 after purchasing an additional 11,442 shares in the last quarter. AlphaQuest LLC lifted its stake in EOG Resources by 1,413.5% during the third quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after purchasing an additional 23,846 shares during the period. Finally, L2 Asset Management LLC boosted its holdings in EOG Resources by 69.6% during the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after purchasing an additional 7,940 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on EOG shares. Williams Trading set a $177.00 price objective on EOG Resources in a research note on Monday, April 20th. Truist Financial upped their target price on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Susquehanna boosted their price target on shares of EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. Finally, Raymond James Financial raised their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and an average target price of $155.64.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 16,230 shares of company stock valued at $2,272,568. 0.14% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

EOG stock opened at $141.43 on Tuesday. The company has a 50 day moving average price of $138.07 and a 200 day moving average price of $121.04. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The stock has a market capitalization of $75.33 billion, a PE ratio of 13.92 and a beta of 0.27.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the firm earned $2.87 EPS. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

About EOG Resources

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.