Campbell & CO Investment Adviser LLC Increases Stake in EOG Resources, Inc. $EOG

Campbell & CO Investment Adviser LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 42.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,557 shares of the energy exploration company’s stock after buying an additional 1,945 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in EOG Resources were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new stake in EOG Resources in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of EOG Resources in the first quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources in the second quarter worth about $29,000. Finally, ORG Partners LLC boosted its stake in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $109.29 on Friday. The company has a market capitalization of $59.67 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm’s 50-day moving average is $111.17 and its 200 day moving average is $115.46. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm earned $2.89 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.7%. EOG Resources’s payout ratio is presently 40.64%.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. Piper Sandler set a $129.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Wells Fargo & Company reduced their price target on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank reaffirmed a “sector perform” rating and set a $130.00 price target on shares of EOG Resources in a research note on Friday, September 26th. Melius Research began coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Finally, Royal Bank Of Canada boosted their target price on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $140.72.

EOG Resources 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.