Baillie Gifford & Co. Has $5.67 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Baillie Gifford & Co. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.3% during the third quarter, Holdings Channel reports. The firm owned 46,099 shares of the energy exploration company’s stock after buying an additional 1,891 shares during the period. Baillie Gifford & Co.’s holdings in EOG Resources were worth $5,667,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in EOG Resources by 23.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company’s stock valued at $3,209,000 after buying an additional 4,749 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of EOG Resources in the 1st quarter valued at $324,000. Dorsey & Whitney Trust CO LLC boosted its stake in shares of EOG Resources by 6.6% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,219 shares of the energy exploration company’s stock valued at $412,000 after purchasing an additional 200 shares in the last quarter. 1ST Source Bank increased its position in shares of EOG Resources by 3.2% during the 1st quarter. 1ST Source Bank now owns 5,269 shares of the energy exploration company’s stock worth $674,000 after purchasing an additional 165 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its holdings in EOG Resources by 12.9% during the 1st quarter. Sentry Investment Management LLC now owns 3,405 shares of the energy exploration company’s stock valued at $435,000 after purchasing an additional 388 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the firm’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 owns 60,892 shares in the company, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research note on Monday, October 14th. JPMorgan Chase & Co. cut their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Truist Financial raised their target price on EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday. KeyCorp decreased their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Wells Fargo & Company dropped their target price on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 1st. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $142.20.

EOG Resources Price Performance

EOG Resources stock opened at $134.34 on Thursday. The firm has a market capitalization of $75.56 billion, a P/E ratio of 10.82, a PEG ratio of 3.53 and a beta of 1.28. The business has a 50-day moving average of $125.47 and a 200-day moving average of $125.92. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources declared that its board has initiated a share buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is presently 29.31%.

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.