Manning & Napier Advisors LLC Sells 4,728 Shares of EOG Resources, Inc. $EOG

Manning & Napier Advisors LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,496 shares of the energy exploration company’s stock after selling 4,728 shares during the quarter. Manning & Napier Advisors LLC’s holdings in EOG Resources were worth $6,709,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Capital World Investors grew its holdings in shares of EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after purchasing an additional 782,426 shares during the last quarter. Vanguard Group Inc. lifted its holdings in EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares during the last quarter. Capital Research Global Investors lifted its holdings in EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after purchasing an additional 122,486 shares during the last quarter. Northern Trust Corp boosted its position in EOG Resources by 0.8% in the third quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock valued at $669,911,000 after buying an additional 49,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in EOG Resources by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after buying an additional 344,291 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. DA Davidson raised their price target on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday. Williams Trading set a $177.00 price target on EOG Resources in a report on Monday, April 20th. Finally, Susquehanna lifted their price objective on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.59.

Check Out Our Latest Stock Report on EOG

EOG Resources Trading Down 0.7%

Shares of NYSE EOG opened at $129.92 on Friday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a 50-day moving average of $135.67 and a two-hundred day moving average of $118.32. The company has a market cap of $69.20 billion, a PE ratio of 12.79, a P/E/G ratio of 1.61 and a beta of 0.27. The company has a current ratio of 1.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.87 earnings per share. As a group, equities analysts expect that EOG Resources, Inc. will post 14.81 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,230 shares of company stock valued at $2,522,568 over the last three months. Insiders own 0.14% of the company’s stock.

EOG Resources News Summary

Here are the key news stories impacting EOG Resources this week:

About EOG Resources

(Free Report)

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.

See Also

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

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