15,488 Shares in EOG Resources, Inc. $EOG Bought by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,488 shares of the energy exploration company’s stock, valued at approximately $1,737,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in EOG Resources by 4.2% during the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock worth $736,712,000 after buying an additional 249,984 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of EOG Resources by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock valued at $669,727,000 after acquiring an additional 344,291 shares during the last quarter. Invesco Ltd. raised its position in shares of EOG Resources by 7.0% in the 2nd quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock valued at $537,588,000 after acquiring an additional 294,641 shares during the period. First Trust Advisors LP raised its position in shares of EOG Resources by 64.1% in the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after acquiring an additional 1,456,928 shares during the period. Finally, Legal & General Group Plc boosted its stake in EOG Resources by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after acquiring an additional 68,888 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EOG shares. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price objective (up from $126.00) on shares of EOG Resources in a report on Tuesday, January 27th. Barclays cut their target price on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Susquehanna decreased their price target on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a report on Thursday, February 26th. Piper Sandler upped their price objective on shares of EOG Resources from $123.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $135.77.

EOG Resources Trading Up 0.0%

Shares of NYSE:EOG opened at $131.48 on Tuesday. The company’s 50-day moving average price is $114.32 and its two-hundred day moving average price is $112.17. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $134.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The stock has a market capitalization of $70.54 billion, a PE ratio of 14.43 and a beta of 0.44.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 EPS. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio is 44.79%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer directly owned 61,481 shares in the company, valued at $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 7,774 shares of company stock valued at $945,895 in the last ninety days. 0.13% of the stock is owned by company insiders.

EOG Resources Company 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.