Cooke & Bieler LP Has $62.11 Million Stock Holdings in EOG Resources, Inc. $EOG

Cooke & Bieler LP lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 9.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,973 shares of the energy exploration company’s stock after selling 56,366 shares during the period. Cooke & Bieler LP owned 0.10% of EOG Resources worth $62,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EOG. Alliancebernstein L.P. boosted its holdings in shares of EOG Resources by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after acquiring an additional 249,984 shares in the last quarter. Invesco Ltd. raised its position in EOG Resources by 7.0% in the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock valued at $537,588,000 after purchasing an additional 294,641 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after purchasing an additional 1,456,928 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of EOG Resources by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,899,816 shares of the energy exploration company’s stock valued at $322,663,000 after purchasing an additional 184,387 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of EOG Resources by 7.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,327,688 shares of the energy exploration company’s stock worth $278,414,000 after purchasing an additional 154,775 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $108.26 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm has a market cap of $58.74 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 9.00 and a beta of 0.49. The company’s fifty day simple moving average is $106.68 and its 200 day simple moving average is $112.08. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $135.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $2.89 EPS. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced 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 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

Insider Transactions at EOG Resources

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

Analyst Ratings Changes

A number of research analysts recently issued reports on EOG shares. Wolfe Research dropped their price objective on shares of EOG Resources from $138.00 to $134.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Barclays dropped their price target on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. BMO Capital Markets cut their price target on shares of EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, January 12th. Scotiabank set a $123.00 price objective on EOG Resources and gave the company a “sector perform” rating in a report on Friday, January 16th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $153.00 target price on shares of EOG Resources in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $134.67.

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.