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

Baillie Gifford & Co. grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 13.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm 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 also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in EOG Resources by 10,950.0% during the second 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 period. Raleigh Capital Management Inc. acquired a new position in shares of EOG Resources in the 2nd quarter valued at approximately $29,000. JCIC Asset Management Inc. bought a new stake in shares of EOG Resources during the 3rd quarter worth approximately $32,000. ORG Partners LLC boosted its position in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new position in EOG Resources in the second quarter valued at approximately $35,000. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EOG shares. Morgan Stanley set a $128.00 target price on EOG Resources and gave the stock an “equal weight” rating in a research note on Friday. Jefferies Financial Group set a $140.00 price objective on EOG Resources in a research report on Wednesday, January 14th. KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Scotiabank set a $123.00 target price on EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. Finally, Johnson Rice reduced their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $134.67.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $108.26 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $135.87. The stock has a market cap of $58.74 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 9.00 and a beta of 0.49. The company’s fifty day moving average is $106.68 and its 200 day moving average is $112.15.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The business 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%.EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.89 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

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

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.