Baird Financial Group Inc. lifted its position in shares of EOG Resources Inc (NYSE:EOG) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,436 shares of the energy exploration company’s stock after buying an additional 1,056 shares during the quarter. Baird Financial Group Inc.’s holdings in EOG Resources were worth $13,104,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of EOG. Chicago Partners Investment Group LLC lifted its holdings in shares of EOG Resources by 178.0% during the third quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after buying an additional 712 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of EOG Resources in the fourth quarter worth $123,000. Cerebellum GP LLC bought a new position in shares of EOG Resources in the fourth quarter worth $125,000. Fis Group Inc. bought a new position in shares of EOG Resources in the third quarter worth $130,000. Finally, Quantbot Technologies LP bought a new position in shares of EOG Resources in the third quarter worth $153,000. 84.55% of the stock is owned by institutional investors.
A number of research analysts recently commented on the company. Stifel Nicolaus set a $134.00 price target on EOG Resources and gave the stock a “buy” rating in a research report on Sunday, February 11th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “strong-buy” rating and set a $134.00 price target on the stock in a research report on Friday, February 2nd. Morgan Stanley decreased their price target on EOG Resources from $142.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Credit Suisse Group set a $126.00 price target on EOG Resources and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Cowen set a $115.00 price target on EOG Resources and gave the stock a “hold” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.64.
Shares of EOG Resources Inc (NYSE:EOG) opened at $105.81 on Thursday. The firm has a market capitalization of $61,180.00, a PE ratio of 10,581.00, a PEG ratio of 3.32 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.11 and a current ratio of 1.27. EOG Resources Inc has a twelve month low of $81.99 and a twelve month high of $119.00.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were issued a dividend of $0.1675 per share. This represents a $0.67 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 6,700.00%.
In other news, EVP Michael P. Donaldson sold 1,741 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the sale, the executive vice president now directly owns 75,118 shares in the company, valued at $7,962,508. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Timothy K. Driggers sold 8,871 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $105.45, for a total value of $935,446.95. Following the sale, the chief financial officer now owns 185,157 shares in the company, valued at $19,524,805.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,934 shares of company stock worth $7,820,085. Company insiders own 0.53% of the company’s stock.
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About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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