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

Marshall Wace LLP acquired a new position in EOG Resources, Inc. (NYSE:EOG – Get Rating) during the third quarter, according to the company in its most recent disclosure 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.

A number of other large investors have also added to or reduced their stakes in EOG. HM Payson & Co. lifted its holdings in shares of EOG Resources by 54.3% in the 3rd quarter. HM Payson & Co. now owns 233 shares of the energy exploration company’s stock worth $26,000 after buying an additional 82 shares during the period. Lumature Wealth Partners LLC acquired a new position in shares of EOG Resources in the first quarter valued at about $28,000. Larson Financial Group LLC acquired a new position in shares of EOG Resources in the third quarter valued at about $31,000. Eagle Bay Advisors LLC acquired a new position in shares of EOG Resources in the second quarter valued at about $33,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of EOG Resources by 1,436.8% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 292 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 273 shares during the period. Institutional investors own 87.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EOG shares. TD Securities cut their price objective on EOG Resources from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, March 8th. Citigroup raised their target price on EOG Resources from $150.00 to $160.00 in a report on Tuesday, November 22nd. Credit Suisse Group dropped their target price on EOG Resources from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. Morgan Stanley dropped their target price on EOG Resources from $147.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, January 24th. Finally, JPMorgan Chase & Co. dropped their target price on EOG Resources from $156.00 to $153.00 and set an “overweight” rating on the stock in a report on Friday, January 27th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.18.

Insider Activity

In other news, Director Michael T. Kerr acquired 20,000 shares of the company’s stock in a transaction dated Thursday, January 12th. The stock was acquired at an average cost of $130.49 per share, with a total value of $2,609,800.00. Following the completion of the purchase, the director now owns 170,000 shares of the company’s stock, valued at approximately $22,183,300. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $109.10 on Tuesday. The business has a fifty day moving average of $125.14 and a two-hundred day moving average of $127.65. The company has a quick ratio of 1.71, a current ratio of 1.90 and a debt-to-equity ratio of 0.15. The stock has a market cap of $64.12 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 0.31 and a beta of 1.52. 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 posted its earnings results on Friday, February 24th. The energy exploration company reported $3.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.01). The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.09 billion. EOG Resources had a return on equity of 34.95% and a net margin of 30.19%. EOG Resources’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $3.09 EPS. As a group, research analysts anticipate that EOG Resources, Inc. will post 12.74 earnings per share for the current year.

EOG Resources Announces Dividend

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

EOG Resources Profile

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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.