National Pension Service Grows Position in EOG Resources, Inc. $EOG

National Pension Service boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 34.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,922,092 shares of the energy exploration company’s stock after buying an additional 488,818 shares during the quarter. National Pension Service’s holdings in EOG Resources were worth $201,839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rockland Trust Co. increased its position in shares of EOG Resources by 5.1% during the 3rd quarter. Rockland Trust Co. now owns 246,326 shares of the energy exploration company’s stock valued at $27,618,000 after purchasing an additional 11,965 shares during the last quarter. Legal & General Group Plc increased its position in shares of EOG Resources by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after purchasing an additional 68,888 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of EOG Resources by 21.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,820 shares of the energy exploration company’s stock valued at $7,380,000 after purchasing an additional 11,442 shares during the last quarter. AlphaQuest LLC increased its position in shares of EOG Resources by 1,413.5% during the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock valued at $2,863,000 after purchasing an additional 23,846 shares during the last quarter. Finally, L2 Asset Management LLC increased its position in shares of EOG Resources by 69.6% during the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after purchasing an additional 7,940 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 16,230 shares of company stock valued at $2,272,568. 0.14% of the stock is owned by corporate insiders.

EOG Resources Trading Down 0.8%

Shares of EOG opened at $133.55 on Friday. The business has a 50-day moving average of $138.01 and a 200 day moving average of $121.76. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The firm has a market cap of $71.13 billion, a P/E ratio of 13.14 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $6.18 billion. During the same quarter last year, the firm posted $2.87 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, research analysts forecast that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating and set a $147.00 target price (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. Jefferies Financial Group raised their target price on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Roth Mkm reaffirmed a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a research report on Wednesday, May 6th. Raymond James Financial raised their target price on EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, March 27th. Finally, Sanford C. Bernstein decreased their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and a consensus target price of $156.39.

EOG Resources 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.