EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 569,272 shares of the energy exploration company's stock after acquiring an additional 13,995 shares during the quarter. Baird Financial Group Inc. owned 0.10% of EOG Resources worth $69,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EOG. Essex Financial Services Inc. boosted its holdings in EOG Resources by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock worth $753,000 after buying an additional 79 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after acquiring an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after acquiring an additional 80 shares during the last quarter. 1ST Source Bank raised its position in shares of EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after purchasing an additional 80 shares during the period. Finally, Penobscot Investment Management Company Inc. lifted its holdings in shares of EOG Resources by 2.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Down 0.7 %

EOG opened at $110.87 on Monday. The firm has a market cap of $61.15 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The business has a 50 day moving average price of $118.35 and a 200 day moving average price of $125.09. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the previous year, the company earned $2.82 earnings per share. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. Research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.52%. EOG Resources's payout ratio is presently 36.18%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EOG shares. Citigroup dropped their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Piper Sandler decreased their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Truist Financial upped their price target on EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.95.

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.

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