Janus Henderson Group PLC Has $30.18 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Janus Henderson Group PLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 31.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,218 shares of the energy exploration company’s stock after selling 113,029 shares during the period. Janus Henderson Group PLC’s holdings in EOG Resources were worth $30,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in EOG Resources during the 4th quarter worth $25,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources during the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources during the 4th quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $115.52 on Thursday. The stock has a market cap of $63.05 billion, a P/E ratio of 9.30, a PEG ratio of 3.58 and a beta of 0.78. The company’s 50-day simple moving average is $116.22 and its 200 day simple moving average is $124.35. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.82 earnings per share. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and dropped their price objective for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Barclays dropped their price objective 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. UBS Group dropped their price objective on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Susquehanna dropped their price objective on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $140.63.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

EOG Resources Company 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.