Janus Henderson Group PLC Raises Holdings in EOG Resources, Inc. $EOG

Janus Henderson Group PLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 135.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,063,813 shares of the energy exploration company’s stock after buying an additional 611,036 shares during the period. Janus Henderson Group PLC’s holdings in EOG Resources were worth $153,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of EOG. SJS Investment Consulting Inc. increased its holdings in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares during the period. Financial Life Planners bought a new position in shares of EOG Resources in the 1st quarter worth $30,000. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources during the 4th quarter worth $26,000. Finally, Global Assets Advisory LLC bought a new stake in EOG Resources during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of several analyst reports. Wolfe Research lifted their target price on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Sanford C. Bernstein decreased their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Citigroup lowered their price target on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company set a $196.00 price objective on shares of EOG Resources and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.32.

EOG Resources Stock Up 2.1%

Shares of EOG stock opened at $148.54 on Friday. The stock’s fifty day moving average price is $136.95 and its 200 day moving average price is $131.27. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a market cap of $79.12 billion, a price-to-earnings ratio of 14.62 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the business posted $2.87 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, research analysts expect that EOG Resources, Inc. will post 16.16 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were issued a dividend of $1.02 per share. The ex-dividend date was Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. EOG Resources’s dividend payout ratio is 40.16%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.