Brandywine Global Investment Management LLC Purchases 1,031 Shares of EOG Resources, Inc. (NYSE:EOG)

Brandywine Global Investment Management LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 451,215 shares of the energy exploration company’s stock after purchasing an additional 1,031 shares during the period. Brandywine Global Investment Management LLC owned about 0.08% of EOG Resources worth $55,310,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its holdings in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in EOG Resources in the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources in the fourth quarter worth $27,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $126.55 on Friday. The stock’s 50 day moving average is $128.23 and its 200 day moving average is $127.71. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The firm has a market cap of $70.10 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.08%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is presently 34.73%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on EOG shares. Piper Sandler reduced their price target on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Truist Financial upped their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Citigroup lowered their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.67.

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.