Janus Henderson Group PLC Has $133.61 Million Position in EOG Resources, Inc. (NYSE:EOG)

Janus Henderson Group PLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,045,105 shares of the energy exploration company’s stock after buying an additional 78,619 shares during the period. Janus Henderson Group PLC owned approximately 0.18% of EOG Resources worth $133,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of EOG. Wright Investors Service Inc. increased its holdings in shares of EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after acquiring an additional 80 shares in the last quarter. Field & Main Bank raised its holdings in EOG Resources by 1.4% during the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after buying an additional 83 shares during the period. PDS Planning Inc lifted its stake in EOG Resources by 4.1% in the first quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after buying an additional 84 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in shares of EOG Resources by 1.0% in the first quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock valued at $1,076,000 after buying an additional 87 shares during the period. Finally, FinTrust Capital Advisors LLC increased its position in shares of EOG Resources by 26.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock worth $51,000 after acquiring an additional 89 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

EOG has been the subject of several recent research reports. Truist Financial reduced their price objective on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. Citigroup increased their target price on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Sanford C. Bernstein lowered their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Finally, Bank of America restated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Fifteen equities research analysts have rated the stock with a hold rating, eight have issued 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 “Hold” and an average price target of $143.20.

EOG Resources Stock Performance

EOG stock traded up $0.77 during mid-day trading on Wednesday, hitting $126.92. 545,966 shares of the company were exchanged, compared to its average volume of 3,158,650. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The stock has a market capitalization of $72.94 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30. The business has a 50 day simple moving average of $124.59 and a 200-day simple moving average of $123.54. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter last year, the company earned $2.69 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is owned by company insiders.

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.