Baillie Gifford & Co. Purchases 47,754 Shares of EOG Resources, Inc. (NYSE:EOG)

Baillie Gifford & Co. grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 103.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 93,853 shares of the energy exploration company’s stock after purchasing an additional 47,754 shares during the period. Baillie Gifford & Co.’s holdings in EOG Resources were worth $11,505,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Financial Life Planners bought a new stake in EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd grew its holdings in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $27,000. 89.91% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EOG. Mizuho reduced their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Citigroup upped their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Piper Sandler upped their price objective on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.14.

EOG Resources Stock Up 0.3 %

EOG opened at $129.40 on Tuesday. The stock has a market cap of $72.78 billion, a PE ratio of 10.42, a P/E/G ratio of 3.36 and a beta of 1.27. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67. The business’s fifty day simple moving average is $127.79 and its 200 day simple moving average is $127.43.

EOG Resources declared that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.