Brandywine Global Investment Management LLC Sells Over 42K Shares of EOG Resources,
November 26, 2023
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It is an exploration and production company that operates in the United States, Trinidad and Tobago, the United Kingdom, China, Argentina, and other countries. The company is focused on the development of crude oil and natural gas properties in the United States. It also produces and sells natural gas liquids, condensate, and related products. EOG ($NYSE:EOG) Resources has a strong balance sheet and a low-cost structure, making it a leader in the oil and gas industry. It also has a strong portfolio of assets and is focused on the development of new projects.
In addition, it has a large network of pipelines and storage facilities, providing access to global markets. Its share price has been steadily increasing over the past few years, as investors have become more confident in its long-term prospects. Overall, EOG Resources is well-positioned to benefit from the current market environment due to its strong financials and robust portfolio.
Market Price
The stock opened at $123.0 and closed at $123.5, up by 0.3% from the last closing price of $123.2. Despite the small increase in stock price, this large sale of shares indicates that Brandywine Global may not have faith in the future of EOG Resources, Inc. It is unclear why Brandywine Global decided to sell its shares, but it will be interesting to see the future of EOG Resources, Inc. going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eog Resources. More…
| Total Revenues | Net Income | Net Margin |
| 23.65k | 7.88k | 31.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eog Resources. More…
| Operations | Investing | Financing |
| 11.68k | -6.24k | -5.39k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eog Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.65k | 15.89k | 47.6 |
Key Ratios Snapshot
Some of the financial key ratios for Eog Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.2% | 116.5% | 43.0% |
| FCF Margin | ROE | ROA |
| 23.9% | 23.5% | 14.6% |
Analysis
At GoodWhale, we analyzed the fundamentals of EOG RESOURCES and classified it as a ‘rhino’, meaning the company has achieved moderate revenue or earnings growth. Our analysis revealed that EOG RESOURCES has a high health score of 10/10 when it comes to its cashflows and debt, indicating its capability to pay off debt and fund future operations. Additionally, EOG RESOURCES is strong in asset, dividend, growth, and profitability. Investors who are interested in companies with moderate growth may want to consider investing in EOG RESOURCES. With its strong fundamentals and impressive health score, the company has potential for long-term investments. Investors interested in dividend income should also take note, as EOG RESOURCES has a healthy dividend payout. More…
Peers
EOG Resources Inc is an American petroleum and natural gas exploration and production company with operations in the United States, Trinidad, the United Kingdom, and China. One of the largest American independents, its principal business is exploring for, developing, and producing crude oil and natural gas. EOG Resources is organized as a Delaware corporation and is headquartered in Houston, Texas.
The company’s competitors include Ovintiv Inc, Continental Resources Inc, Hess Corp.
– Ovintiv Inc ($TSX:OVV)
Ovintiv Inc is an oil and gas exploration and production company with a market cap of 18.04B as of 2022. The company has a Return on Equity of 33.39%. Ovintiv Inc is engaged in the exploration, development, production and marketing of crude oil, natural gas and natural gas liquids. The company has operations in the United States, Canada, Europe and South America.
– Continental Resources Inc ($NYSE:CLR)
Continental Resources, Inc. explores, develops, and produces crude oil and natural gas. It operates through the following segments: Bakken, SCOOP Woodford, and Other. The company was founded by Harold Hamm in 1967 and is headquartered in Oklahoma City, OK.
– Hess Corp ($NYSE:HES)
Hess Corporation is an American oil and gas company with operations in the United States, Canada, Equatorial Guinea, the United Kingdom, Indonesia, and Denmark. The company is headquartered in New York City.
Hess has a market cap of $39.94 billion as of 2022 and a return on equity of 29.47%. The company is engaged in the exploration, production, marketing, and refining of crude oil and natural gas. Hess also owns and operates a refinery in St. Croix, U.S. Virgin Islands.
Summary
This suggests that the company may not be seen as a strong investment prospect by this institutional investor. That said, EOG Resources does have some attractive qualities. It has a diversified portfolio of oil and gas assets operating in some of the most prolific basins in the United States, and has seen substantial growth in recent quarters due to the increased reliance on unconventional drilling. As such, the company may still be an attractive proposition for investors looking for reliable income streams and cost-effective exploration and production opportunities.
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