EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 34.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 71,383 shares of the energy exploration company's stock after acquiring an additional 18,251 shares during the period. Manning & Napier Advisors LLC's holdings in EOG Resources were worth $9,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $28,000. Heritage Wealth Advisors raised its position in shares of EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $36,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at approximately $40,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EOG. Morgan Stanley set a $135.00 price target on EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. KeyCorp dropped their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Citigroup dropped their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group reissued a "buy" rating and set a $148.00 price target (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Finally, Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their price target for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.48.

EOG Resources Price Performance

Shares of NYSE EOG opened at $125.40 on Monday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The firm has a market capitalization of $68.44 billion, a PE ratio of 11.63, a P/E/G ratio of 10.24 and a beta of 0.74. The business's fifty day moving average price is $113.49 and its two-hundred day moving average price is $121.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $1.02 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.25%. EOG Resources's dividend payout ratio is presently 36.18%.

About EOG Resources

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.

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