Baillie Gifford & Co. Decreases Position in EOG Resources Inc (EOG)

Baillie Gifford & Co. cut its stake in shares of EOG Resources Inc (NYSE:EOG) by 2.8% during the 1st quarter, Holdings Channel reports. The firm owned 4,824,826 shares of the energy exploration company’s stock after selling 137,569 shares during the period. Baillie Gifford & Co.’s holdings in EOG Resources were worth $459,227,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EOG. Norges Bank bought a new stake in shares of EOG Resources during the 4th quarter valued at approximately $504,826,000. Oregon Public Employees Retirement Fund grew its holdings in shares of EOG Resources by 8,562.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,498,242 shares of the energy exploration company’s stock valued at $63,000 after purchasing an additional 5,434,773 shares during the last quarter. Eaton Vance Management grew its holdings in shares of EOG Resources by 27.4% during the 4th quarter. Eaton Vance Management now owns 3,972,235 shares of the energy exploration company’s stock valued at $346,418,000 after purchasing an additional 855,469 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of EOG Resources by 51.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,168,414 shares of the energy exploration company’s stock valued at $189,119,000 after purchasing an additional 732,531 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of EOG Resources by 55.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,699,620 shares of the energy exploration company’s stock valued at $161,773,000 after purchasing an additional 604,820 shares during the last quarter. 88.19% of the stock is currently owned by institutional investors.

NYSE:EOG opened at $90.90 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.36. EOG Resources Inc has a 52 week low of $82.04 and a 52 week high of $133.53. The firm has a market capitalization of $55.71 billion, a PE ratio of 16.41, a PEG ratio of 1.27 and a beta of 1.24.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.16. EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The company had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the firm posted $1.19 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts forecast that EOG Resources Inc will post 5.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.2875 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, July 16th. EOG Resources’s dividend payout ratio is currently 15.88%.

In other news, Director Frank G. Wisner sold 1,296 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total value of $113,114.88. Following the sale, the director now directly owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

A number of research firms have weighed in on EOG. Guggenheim reissued a “buy” rating and set a $126.00 target price on shares of EOG Resources in a report on Friday, February 22nd. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and set a $115.00 target price on the stock. in a report on Friday, January 4th. MKM Partners reduced their target price on shares of EOG Resources from $121.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, February 28th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $106.00 target price on shares of EOG Resources in a report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $122.46.

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EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

Further Reading: Green Investing

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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