Janus Henderson Group PLC Lowers Stock Position in EOG Resources, Inc. (NYSE:EOG)

Janus Henderson Group PLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 31.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,218 shares of the energy exploration company's stock after selling 113,029 shares during the period. Janus Henderson Group PLC's holdings in EOG Resources were worth $30,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Essex Financial Services Inc. boosted its holdings in shares of EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after buying an additional 79 shares in the last quarter. Valmark Advisers Inc. lifted its stake in EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after buying an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in EOG Resources by 8.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after purchasing an additional 80 shares during the period. 1ST Source Bank increased its stake in EOG Resources by 1.5% in the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after purchasing an additional 80 shares during the period. Finally, Penobscot Investment Management Company Inc. raised its holdings in shares of EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after buying an additional 80 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

NYSE:EOG traded down $0.69 during trading hours on Tuesday, reaching $113.26. 442,136 shares of the company traded hands, compared to its average volume of 3,283,928. 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 firm's 50-day moving average is $115.64 and its 200-day moving average is $124.27. The stock has a market cap of $61.82 billion, a P/E ratio of 9.12, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping 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 firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter last year, the business posted $2.82 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.44%. EOG Resources's payout ratio is currently 36.18%.

Insiders Place Their Bets

In other EOG Resources 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 value of $515,767.12. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EOG. Susquehanna cut their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Mizuho reduced their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Citigroup dropped their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. 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 report on Thursday, March 13th. Finally, Barclays lowered their price objective on 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and a consensus target price of $141.05.

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.