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

Man Group plc lifted its holdings 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 disclosure with the Securities and Exchange Commission. The firm owned 90,407 shares of the energy exploration company's stock after buying an additional 80,164 shares during the period. Man Group plc's holdings in EOG Resources were worth $11,082,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthfront Advisers LLC boosted its position in EOG Resources by 4,642.2% during the 4th 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 increased its stake in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after buying an additional 2,270,013 shares during the period. Raymond James Financial Inc. bought a new stake in shares of EOG Resources during the 4th quarter worth about $171,193,000. Charles Schwab Investment Management Inc. raised its position in shares of EOG Resources by 4.5% during the 4th 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 buying an additional 781,282 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of EOG Resources by 58.6% in the 4th 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 currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.5%

Shares of EOG Resources stock traded down $0.60 during trading on Thursday, hitting $110.78. 3,050,857 shares of the stock traded hands, compared to its average volume of 3,299,620. The stock has a market cap of $60.46 billion, a P/E ratio of 8.92, a PEG ratio of 3.58 and a beta of 0.78. The company has a fifty day moving average price of $115.21 and a two-hundred day moving average price of $124.10. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. 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 posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $2.82 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.52%. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents 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. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EOG shares. Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. KeyCorp cut their price objective on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Raymond James lifted their price target on EOG Resources from $140.00 to $148.00 and gave the stock a "strong-buy" rating in a research note on Tuesday. Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Barclays cut their price target on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $141.05.

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.