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Manning & Napier Advisors LLC Acquires 25,056 Shares of EOG Resources, Inc. (NYSE:EOG)

EOG Resources logo with Oils/Energy background

Manning & Napier Advisors LLC lifted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 89.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 53,132 shares of the energy exploration company's stock after purchasing an additional 25,056 shares during the quarter. Manning & Napier Advisors LLC's holdings in EOG Resources were worth $6,513,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Fisher Asset Management LLC lifted its position in EOG Resources by 856.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company's stock worth $147,621,000 after buying an additional 1,075,334 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in EOG Resources during the 2nd quarter worth about $106,990,000. Assenagon Asset Management S.A. increased its position in EOG Resources by 577.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company's stock valued at $85,389,000 after acquiring an additional 593,823 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of EOG Resources by 42.8% during the third quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company's stock valued at $136,874,000 after purchasing an additional 333,947 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 568 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on EOG. Royal Bank of Canada reissued a "sector perform" rating and issued a $150.00 target price on shares of EOG Resources in a research note on Monday, January 6th. Piper Sandler raised their target price on shares of EOG Resources from $140.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday. Bank of America reissued a "neutral" rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Mizuho reduced their price objective on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, KeyCorp dropped their target price on shares of EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $143.90.

Read Our Latest Research Report on EOG

EOG Resources Stock Up 0.0 %

Shares of EOG traded up $0.03 during midday trading on Thursday, hitting $130.26. The stock had a trading volume of 464,055 shares, compared to its average volume of 3,014,869. The firm has a market cap of $73.27 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 3.68 and a beta of 1.29. The company has a 50 day simple moving average of $128.70 and a two-hundred day simple moving average of $127.43. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $0.16. The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same quarter last year, the firm earned $3.44 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 11.45 EPS for the current year.

EOG Resources announced that its board has initiated a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.99%. This is an increase from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is 31.40%.

EOG Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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