Marshall Wace LLP Makes New $5.23 Million Investment in EOG Resources, Inc. (NYSE:EOG)

Marshall Wace LLP acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 46,832 shares of the energy exploration company’s stock, valued at approximately $5,233,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. raised its stake in EOG Resources by 6.3% in the third quarter. Farmers & Merchants Investments Inc. now owns 1,260 shares of the energy exploration company’s stock valued at $141,000 after purchasing an additional 75 shares in the last quarter. Hallmark Capital Management Inc. raised its stake in EOG Resources by 3.6% in the third quarter. Hallmark Capital Management Inc. now owns 2,197 shares of the energy exploration company’s stock valued at $245,000 after purchasing an additional 77 shares in the last quarter. Bogart Wealth LLC raised its stake in EOG Resources by 24.8% in the third quarter. Bogart Wealth LLC now owns 397 shares of the energy exploration company’s stock valued at $44,000 after purchasing an additional 79 shares in the last quarter. HM Payson & Co. raised its stake in EOG Resources by 54.3% in the third quarter. HM Payson & Co. now owns 233 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Finally, Sargent Bickham Lagudis LLC raised its stake in EOG Resources by 13.8% in the third quarter. Sargent Bickham Lagudis LLC now owns 701 shares of the energy exploration company’s stock valued at $79,000 after purchasing an additional 85 shares in the last quarter. 87.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In related news, Director Michael T. Kerr acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 12th. The stock was bought at an average cost of $130.49 per share, for a total transaction of $2,609,800.00. Following the purchase, the director now owns 170,000 shares in the company, valued at approximately $22,183,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

NYSE EOG opened at $109.10 on Tuesday. The company has a 50-day moving average price of $125.14 and a 200-day moving average price of $127.65. The firm has a market capitalization of $64.12 billion, a P/E ratio of 8.26, a PEG ratio of 0.31 and a beta of 1.52. The company has a quick ratio of 1.71, a current ratio of 1.90 and a debt-to-equity ratio of 0.15. EOG Resources, Inc. has a 52 week low of $92.16 and a 52 week high of $150.88.

EOG Resources (NYSE:EOG – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The energy exploration company reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.09 billion. EOG Resources had a net margin of 30.19% and a return on equity of 34.95%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.09 earnings per share. Equities research analysts anticipate that EOG Resources, Inc. will post 12.74 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be paid a dividend of $0.825 per share. The ex-dividend date is Thursday, April 13th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.02%. EOG Resources’s dividend payout ratio (DPR) is presently 24.98%.

Analysts Set New Price Targets

Several research firms have commented on EOG. Raymond James lifted their price target on shares of EOG Resources from $155.00 to $171.00 in a research note on Monday, November 28th. Morgan Stanley decreased their target price on shares of EOG Resources from $147.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 24th. Truist Financial cut their price target on shares of EOG Resources from $152.00 to $146.00 in a report on Thursday, December 15th. Wells Fargo & Company cut their price target on shares of EOG Resources from $167.00 to $158.00 and set an “overweight” rating on the stock in a report on Wednesday, March 8th. Finally, Piper Sandler cut their price target on shares of EOG Resources from $174.00 to $171.00 and set an “overweight” rating on the stock in a report on Tuesday, March 7th. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and a consensus price target of $154.18.

EOG Resources Company Profile

(Get Rating)

EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.