EOG Resources, Inc. (NYSE:EOG) Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 48.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 671,075 shares of the energy exploration company’s stock after buying an additional 219,860 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.12% of EOG Resources worth $86,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank Pictet & Cie Europe AG boosted its position in shares of EOG Resources by 56.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company’s stock worth $30,449,000 after purchasing an additional 89,521 shares during the period. Mariner LLC boosted its position in EOG Resources by 7.5% in the 4th quarter. Mariner LLC now owns 111,571 shares of the energy exploration company’s stock valued at $13,676,000 after buying an additional 7,763 shares during the period. NewEdge Advisors LLC boosted its position in EOG Resources by 13.7% in the 4th quarter. NewEdge Advisors LLC now owns 19,204 shares of the energy exploration company’s stock valued at $2,354,000 after buying an additional 2,307 shares during the period. Marshall Wace LLP boosted its position in EOG Resources by 266.5% in the 4th quarter. Marshall Wace LLP now owns 29,319 shares of the energy exploration company’s stock valued at $3,594,000 after buying an additional 21,319 shares during the period. Finally, Demars Financial Group LLC boosted its position in EOG Resources by 12,422.5% in the 4th quarter. Demars Financial Group LLC now owns 643,156 shares of the energy exploration company’s stock valued at $78,838,000 after buying an additional 638,020 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Trading Up 0.4%

NYSE EOG opened at $119.90 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The firm has a market cap of $65.46 billion, a PE ratio of 11.65, a P/E/G ratio of 9.19 and a beta of 0.80. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm’s fifty day moving average is $120.19 and its two-hundred day moving average is $119.56.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.16 earnings per share. Analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 37.90%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. Piper Sandler decreased their price objective on shares of EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Roth Capital cut shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $140.00 to $134.00 in a research report on Wednesday, July 9th. Susquehanna lifted their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Finally, Bank of America decreased their price objective on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.71.

EOG Resources Profile

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.