EOG Resources, Inc. (NYSE:EOG) Holdings Boosted by Baillie Gifford & Co.

Baillie Gifford & Co. grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,099 shares of the energy exploration company’s stock after purchasing an additional 1,891 shares during the period. Baillie Gifford & Co.’s holdings in EOG Resources were worth $5,667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in EOG Resources by 23.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company’s stock valued at $3,209,000 after acquiring an additional 4,749 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of EOG Resources during the first quarter worth approximately $324,000. Dorsey & Whitney Trust CO LLC grew its position in EOG Resources by 6.6% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 3,219 shares of the energy exploration company’s stock valued at $412,000 after purchasing an additional 200 shares in the last quarter. 1ST Source Bank lifted its position in EOG Resources by 3.2% in the 1st quarter. 1ST Source Bank now owns 5,269 shares of the energy exploration company’s stock worth $674,000 after buying an additional 165 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its position in EOG Resources by 12.9% in the 1st quarter. Sentry Investment Management LLC now owns 3,405 shares of the energy exploration company’s stock worth $435,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EOG shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Monday, October 14th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. UBS Group reduced their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Scotiabank dropped their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, Barclays reduced their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $142.20.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $134.34 on Thursday. The company has a market cap of $75.56 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 3.53 and a beta of 1.28. The business has a 50 day moving average price of $125.47 and a 200 day moving average price of $125.92. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.90%. EOG Resources’s dividend payout ratio (DPR) is presently 29.31%.

EOG Resources announced that its board has authorized a share buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.