Manning & Napier Advisors LLC Has $6.71 Million Stock Holdings in EOG Resources, Inc. $EOG

Manning & Napier Advisors LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund 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 quarter.

Other large investors also recently made changes to their positions in the company. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources during the second quarter worth $258,000. Quantbot Technologies LP acquired a new position in EOG Resources in the second quarter valued at about $349,000. Gamco Investors INC. ET AL lifted its stake in EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after buying an additional 4,485 shares during the period. NewEdge Advisors LLC boosted its holdings in EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after buying an additional 444 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in EOG Resources by 4.4% during the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after buying an additional 15,250 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

More EOG Resources News

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

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred 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 owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,230 shares of company stock worth $2,522,568. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets upped their price target on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. DA Davidson lifted their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday. Sanford C. Bernstein boosted their price objective on shares of EOG Resources from $126.00 to $167.00 and gave the company a “market perform” rating in a report on Monday, April 13th. Mizuho upped their target price on shares of EOG Resources from $147.00 to $149.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Stephens cut their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $154.59.

View Our Latest Analysis on EOG

EOG Resources Stock Down 0.7%

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

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share 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 business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the business posted $2.87 EPS. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities analysts predict that EOG Resources, Inc. will post 14.81 EPS for the current year.

EOG Resources Announces Dividend

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

EOG Resources Profile

(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

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

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