Manning & Napier Advisors LLC Has $8.82 Million Stake in EOG Resources, Inc. $EOG

Manning & Napier Advisors LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 7.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 58,847 shares of the energy exploration company’s stock after selling 4,649 shares during the quarter. Manning & Napier Advisors LLC’s holdings in EOG Resources were worth $8,821,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EOG. SJS Investment Consulting Inc. boosted its stake in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares in the last quarter. Financial Life Planners bought a new stake in EOG Resources in the first quarter valued at $30,000. Acumen Wealth Advisors LLC bought a new stake in EOG Resources in the fourth quarter valued at $25,000. Prosperity Bancshares Inc bought a new stake in EOG Resources in the fourth quarter valued at $26,000. Finally, Valued Wealth Advisors LLC raised its holdings in shares of EOG Resources by 240.0% during the first quarter. Valued Wealth Advisors LLC now owns 272 shares of the energy exploration company’s stock valued at $39,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EOG. JPMorgan Chase & Co. cut their price objective on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. The Goldman Sachs Group decreased their target price on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Sanford C. Bernstein lowered their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Piper Sandler lifted their target price on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 1st. Finally, Barclays lifted their target price on EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.04.

EOG Resources Stock Performance

NYSE EOG traded up $0.49 on Friday, hitting $134.03. 1,864,493 shares of the stock traded hands, compared to its average volume of 4,011,652. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The business’s fifty day moving average is $135.59 and its two-hundred day moving average is $127.33. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market capitalization of $71.39 billion, a price-to-earnings ratio of 13.19 and a beta of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the company posted $2.87 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 16.19 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is currently 40.16%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.