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

Man Group plc raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 782.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,407 shares of the energy exploration company’s stock after acquiring 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 & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Capital World Investors increased its position in EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 781,282 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of EOG Resources by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after purchasing an additional 234,067 shares during the last quarter. Northern Trust Corp grew its holdings in shares of EOG Resources by 2.9% in the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock worth $701,036,000 after purchasing an additional 159,216 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock worth $696,990,000 after purchasing an additional 365,115 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

EOG Resources Stock Down 0.4%

NYSE:EOG opened at $115.43 on Monday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock has a market capitalization of $63.00 billion, a P/E ratio of 9.29, a P/E/G 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. The company’s 50-day simple moving average is $115.84 and its 200-day simple moving average is $124.32.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion during 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%. EOG Resources’s revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm posted $2.82 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Thursday, July 17th. EOG Resources’s payout ratio is currently 36.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EOG. JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Citigroup dropped their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Piper Sandler dropped their target price on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Barclays dropped their target price 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. Finally, Wells Fargo & Company dropped their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.63.

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.