Mackenzie Financial Corp Has $21.23 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Mackenzie Financial Corp boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 92.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 173,218 shares of the energy exploration company's stock after buying an additional 83,316 shares during the period. Mackenzie Financial Corp's holdings in EOG Resources were worth $21,233,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EOG. Forum Financial Management LP lifted its position in EOG Resources by 2.9% in the 4th quarter. Forum Financial Management LP now owns 8,080 shares of the energy exploration company's stock valued at $990,000 after acquiring an additional 227 shares in the last quarter. Peak Retirement Planning Inc. acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $824,000. Formidable Asset Management LLC lifted its holdings in shares of EOG Resources by 4.5% in the fourth quarter. Formidable Asset Management LLC now owns 12,800 shares of the energy exploration company's stock valued at $1,569,000 after purchasing an additional 554 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of EOG Resources during the fourth quarter worth about $18,856,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of EOG Resources during the fourth quarter worth about $1,691,000. Institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. KeyCorp cut their price objective on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Wall Street Zen downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

EOG traded down $0.63 during trading hours on Thursday, reaching $109.82. The company's stock had a trading volume of 3,421,085 shares, compared to its average volume of 3,282,203. The company's 50-day moving average is $113.86 and its 200-day moving average is $123.55. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm has a market cap of $59.94 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.55%. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

EOG Resources Profile

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.