Teachers Retirement System of The State of Kentucky Increases Position in EOG Resources, Inc. (EOG)
Teachers Retirement System of The State of Kentucky increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 332,101 shares of the energy exploration company’s stock after purchasing an additional 19,983 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.06% of EOG Resources worth $32,127,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in EOG. IHT Wealth Management LLC lifted its position in shares of EOG Resources by 4.1% during the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after purchasing an additional 41 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new stake in EOG Resources during the third quarter worth about $101,000. Winfield Associates Inc. raised its stake in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after acquiring an additional 19 shares during the period. Fis Group Inc. acquired a new stake in EOG Resources during the third quarter worth about $130,000. Finally, First Personal Financial Services increased its stake in shares of EOG Resources by 53.6% in the second quarter. First Personal Financial Services now owns 1,372 shares of the energy exploration company’s stock valued at $124,000 after purchasing an additional 479 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP David W. Trice sold 3,114 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $106.65, for a total value of $332,108.10. Following the completion of the transaction, the executive vice president now directly owns 80,415 shares of the company’s stock, valued at approximately $8,576,259.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $96.63, for a total value of $2,415,750.00. Following the transaction, the insider now directly owns 1,067,465 shares in the company, valued at $103,149,142.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,692 shares of company stock valued at $3,717,390. Corporate insiders own 0.53% of the company’s stock.
EOG Resources, Inc. (EOG) traded down $0.07 during midday trading on Friday, hitting $101.59. The stock had a trading volume of 2,654,800 shares, compared to its average volume of 3,117,644. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11. EOG Resources, Inc. has a 1 year low of $81.99 and a 1 year high of $109.37. The company has a market capitalization of $58,741.29, a P/E ratio of 247.78, a P/E/G ratio of 13.60 and a beta of 0.99.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. EOG Resources had a return on equity of 1.73% and a net margin of 0.10%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the business earned ($0.40) EPS. EOG Resources’s revenue was up 24.8% compared to the same quarter last year. analysts forecast that EOG Resources, Inc. will post 0.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s payout ratio is 6,700.00%.
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Several equities research analysts have commented on EOG shares. BMO Capital Markets restated a “buy” rating and issued a $95.00 price target on shares of EOG Resources in a research note on Friday, August 4th. Stifel Nicolaus set a $106.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Robert W. Baird set a $114.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Thursday, October 12th. Morgan Stanley set a $116.00 price objective on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, ValuEngine upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $108.92.
EOG Resources Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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