Marshall Wace LLP Raises Position in EOG Resources, Inc. (NYSE:EOG)

Marshall Wace LLP lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 266.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,319 shares of the energy exploration company's stock after purchasing an additional 21,319 shares during the period. Marshall Wace LLP's holdings in EOG Resources were worth $3,594,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in shares of EOG Resources by 15.7% in the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company's stock worth $226,000 after buying an additional 250 shares during the period. Chelsea Counsel Co. raised its stake in EOG Resources by 2.0% during the 3rd quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company's stock worth $641,000 after acquiring an additional 100 shares during the period. World Investment Advisors LLC purchased a new position in EOG Resources during the third quarter valued at approximately $730,000. Wilmington Savings Fund Society FSB boosted its position in shares of EOG Resources by 26.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company's stock worth $8,822,000 after purchasing an additional 15,186 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of EOG Resources by 4.7% in the third quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company's stock worth $7,227,000 after purchasing an additional 2,634 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

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 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 of the company's stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

EOG Resources Trading Down 0.3 %

Shares of NYSE EOG opened at $113.07 on Friday. 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 business's 50 day moving average is $120.51 and its two-hundred day moving average is $125.77. The stock has a market capitalization of $62.36 billion, a P/E ratio of 9.10, a PEG ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.45%. EOG Resources's dividend payout ratio (DPR) is presently 34.73%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Barclays dropped their price objective on EOG Resources from $144.00 to $140.00 and set an "equal weight" rating for the company in a research note on Wednesday. KeyCorp decreased their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Citigroup cut their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Raymond James reissued a "strong-buy" rating and issued a $140.00 target price on shares of EOG Resources in a report on Monday. Twelve investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $141.25.

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.

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