234,799 Shares in EOG Resources, Inc. $EOG Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 234,799 shares of the energy exploration company’s stock, valued at approximately $30,460,000.

A number of other hedge funds also recently made changes to their positions in the stock. SJS Investment Consulting Inc. grew its stake in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares during the period. Financial Life Planners purchased a new stake in EOG Resources during the first quarter valued at about $30,000. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the fourth quarter valued at about $25,000. Wedbush Fund Advisers LLC acquired a new stake in EOG Resources during the second quarter worth about $31,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the 4th quarter worth about $26,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

EOG Resources Trading Down 0.7%

EOG opened at $143.53 on Friday. The stock has a market capitalization of $75.29 billion, a PE ratio of 11.17, a P/E/G ratio of 0.54 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The firm’s fifty day moving average price is $140.20 and its 200 day moving average price is $136.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EOG. The Goldman Sachs Group reissued a “neutral” rating and set a $151.00 target price (up from $127.00) on shares of EOG Resources in a research report on Monday. Barclays set a $147.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Stephens reduced their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Finally, Mizuho set a $157.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $156.33.

About EOG Resources

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.