Cooke & Bieler LP Buys 10,256 Shares of EOG Resources, Inc. (NYSE:EOG)

Cooke & Bieler LP grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 625,679 shares of the energy exploration company’s stock after purchasing an additional 10,256 shares during the quarter. Cooke & Bieler LP’s holdings in EOG Resources were worth $76,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EOG. DRW Securities LLC grew its position in shares of EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after acquiring an additional 13,324 shares during the period. Caprock Group LLC raised its position in shares of EOG Resources by 7.7% during the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock valued at $1,489,000 after buying an additional 862 shares during the period. World Investment Advisors LLC purchased a new stake in EOG Resources in the third quarter valued at approximately $730,000. Mountain Lake Investment Management LLC purchased a new stake in EOG Resources in the fourth quarter valued at approximately $735,000. Finally, Oak Ridge Investments LLC grew its stake in shares of EOG Resources by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after acquiring an additional 2,311 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.5 %

EOG stock opened at $125.83 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $69.70 billion, a PE ratio of 10.13, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The business’s 50 day simple moving average is $129.60 and its 200 day simple moving average is $127.75.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.10%. EOG Resources’s dividend payout ratio is presently 34.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EOG. Bank of America reiterated a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial upped their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Citigroup cut shares of EOG Resources from a “neutral” rating to a “reduce” rating in a report on Wednesday, March 5th. Finally, Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $146.19.

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.