National Pension Service Increases Stake in EOG Resources, Inc. $EOG

National Pension Service raised its position in EOG Resources, Inc. (NYSE:EOG) by 0.5% in the second quarter, Holdings Channel reports. The fund owned 1,956,669 shares of the energy exploration company’s stock after buying an additional 9,738 shares during the period. National Pension Service’s holdings in EOG Resources were worth $253,839,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. SJS Investment Consulting Inc. raised its stake in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares in the last quarter. Prosperity Bancshares Inc acquired a new stake in EOG Resources during the 4th quarter worth $26,000. Nemes Rush Group LLC purchased a new stake in EOG Resources in the fourth quarter valued at $30,000. Finally, Financial Life Planners purchased a new stake in EOG Resources in the first quarter valued at $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. Wells Fargo & Company restated an “overweight” rating and set a $193.00 target price (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Roth Capital reaffirmed a “neutral” rating and issued a $138.00 target price on shares of EOG Resources in a report on Wednesday, August 5th. Barclays set a $147.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Monday, August 17th. Finally, Susquehanna reiterated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $157.07.

Insider Buying and Selling at EOG Resources

In other news, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

EOG Resources Stock Up 0.4%

EOG opened at $147.58 on Friday. 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, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. The stock has a market capitalization of $77.41 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.54 and a beta of 0.26. The business has a 50 day simple moving average of $142.77 and a 200-day simple moving average of $138.03.

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, topping analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion for 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 quarter in the prior year, the company posted $2.32 earnings per share. On average, equities analysts anticipate that EOG Resources, Inc. will post 16.89 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

About EOG Resources

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.