Brown Advisory Inc. Has $19.01 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Posted by on Jun 11th, 2023

Brown Advisory Inc. increased its position in shares of EOG Resources, Inc. (NYSE:EOG – Get Rating) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 146,741 shares of the energy exploration company’s stock after buying an additional 3,744 shares during the quarter. Brown Advisory Inc.’s holdings in EOG Resources were worth $19,006,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ossiam raised its stake in shares of EOG Resources by 1,206.7% in the fourth quarter. Ossiam now owns 196 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 181 shares during the last quarter. Lumature Wealth Partners LLC purchased a new stake in shares of EOG Resources during the first quarter valued at approximately $28,000. Kistler Tiffany Companies LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at approximately $30,000. Delta Asset Management LLC TN purchased a new stake in shares of EOG Resources during the fourth quarter valued at approximately $32,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of EOG Resources during the second quarter valued at approximately $33,000. 87.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $115.87, for a total value of $579,350.00. Following the completion of the transaction, the chief operating officer now owns 149,689 shares in the company, valued at $17,344,464.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $116.25 on Friday. The firm has a market cap of $67.99 billion, a PE ratio of 7.27, a price-to-earnings-growth ratio of 0.35 and a beta of 1.54. EOG Resources, Inc. has a fifty-two week low of $92.16 and a fifty-two week high of $150.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.90 and a current ratio of 2.17. The business has a 50 day moving average price of $115.06 and a 200-day moving average price of $121.16.

EOG Resources (NYSE:EOG – Get Rating) last released its quarterly earnings data on Friday, May 5th. The energy exploration company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.27. The firm had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.28 billion. EOG Resources had a return on equity of 30.34% and a net margin of 33.83%. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.00 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 11.62 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, July 14th. EOG Resources’s payout ratio is 20.64%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EOG shares. Stifel Nicolaus cut their price target on EOG Resources from $142.00 to $141.00 in a research note on Monday, May 22nd. Credit Suisse Group lowered their price target on shares of EOG Resources from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Piper Sandler reduced their price objective on shares of EOG Resources from $171.00 to $170.00 in a research note on Thursday, May 18th. UBS Group initiated coverage on EOG Resources in a report on Wednesday, April 19th. They issued a “buy” rating and a $152.00 price target for the company. Finally, Roth Capital reissued a “buy” rating on shares of EOG Resources in a report on Friday, February 24th. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.33.

EOG Resources Company Profile

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EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad, and Other International geographical segments. The Other International segment includes China and Canada operations. The company was founded in 1985 and is headquartered in Houston, TX.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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