Alaska Permanent Fund Corp Grows Position in EOG Resources, Inc. (NYSE:EOG)

Alaska Permanent Fund Corp grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,373 shares of the energy exploration company’s stock after acquiring an additional 273 shares during the period. Alaska Permanent Fund Corp’s holdings in EOG Resources were worth $2,464,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its position in EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Peoples Bank KS purchased a new stake in shares of EOG Resources in the third quarter valued at about $31,000. Exchange Traded Concepts LLC grew its holdings in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the period. Hall Laurie J Trustee purchased a new position in EOG Resources during the fourth quarter worth about $36,000. Finally, Keener Financial Planning LLC purchased a new position in EOG Resources during the fourth quarter worth about $36,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EOG has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Stifel Nicolaus decreased their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. Raymond James cut their price target on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research note on Tuesday, April 9th. Finally, Susquehanna boosted their target price on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $142.19.

EOG Resources Stock Performance

NYSE:EOG traded down $1.39 during midday trading on Thursday, hitting $134.21. The company’s stock had a trading volume of 291,056 shares, compared to its average volume of 3,335,217. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The firm’s 50 day moving average is $124.83 and its 200-day moving average is $122.36. The firm has a market cap of $77.20 billion, a P/E ratio of 10.42 and a beta of 1.40.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.30 earnings per share. Equities analysts anticipate that EOG Resources, Inc. will post 12.29 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.71%. EOG Resources’s payout ratio is 27.98%.

About EOG Resources

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.