BayBridge Capital Group LLC Buys 305 Shares of EOG Resources, Inc. (NYSE:EOG)

BayBridge Capital Group LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,733 shares of the energy exploration company’s stock after purchasing an additional 305 shares during the period. BayBridge Capital Group LLC’s holdings in EOG Resources were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Capital World Investors lifted its holdings in shares of EOG Resources by 5.4% during the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after buying an additional 1,361,538 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in EOG Resources during the second quarter valued at $106,990,000. Capital International Investors lifted its holdings in EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after acquiring an additional 766,056 shares during the period. Legal & General Group Plc boosted its position in EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock worth $609,300,000 after purchasing an additional 403,676 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of EOG Resources by 1.3% during the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EOG shares. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Piper Sandler decreased their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research note on Monday, October 14th. Evercore ISI reduced their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Finally, Truist Financial decreased their target price on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $141.20.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $123.17 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The stock has a market capitalization of $70.79 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 3.38 and a beta of 1.28. The company has a fifty day moving average of $126.05 and a 200 day moving average of $126.90. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

EOG Resources Company 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.