Man Group plc Acquires 80,164 Shares of EOG Resources, Inc. (NYSE:EOG)

Man Group plc raised its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 782.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,407 shares of the energy exploration company's stock after purchasing an additional 80,164 shares during the period. Man Group plc's holdings in EOG Resources were worth $11,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EOG. Wealthfront Advisers LLC boosted its holdings in shares of EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after acquiring an additional 2,792,092 shares during the period. Capital World Investors boosted its holdings in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after acquiring an additional 2,270,013 shares during the period. Raymond James Financial Inc. bought a new position in shares of EOG Resources in the fourth quarter worth $171,193,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after acquiring an additional 781,282 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of EOG Resources by 58.6% in the fourth quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock worth $255,139,000 after acquiring an additional 769,362 shares during the period. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EOG has been the subject of a number of analyst reports. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. KeyCorp cut their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Wall Street Zen lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. UBS Group cut their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Williams Trading set a $154.00 price objective on EOG Resources in a research report on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and an average price target of $139.79.

EOG Resources Price Performance

NYSE EOG traded down $0.58 during trading hours on Friday, reaching $110.22. 1,993,260 shares of the stock traded hands, compared to its average volume of 3,291,067. The stock has a 50 day simple moving average of $114.71 and a two-hundred day simple moving average of $123.91. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market cap of $60.15 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

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 for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the business posted $2.82 earnings per share. The company's revenue for the quarter was down 7.4% on a year-over-year basis. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.54%. EOG Resources's payout ratio is 36.18%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

EOG Resources Company 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.