EOG Resources, Inc. $EOG Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in EOG Resources, Inc. (NYSE:EOG) by 3.0% during the third quarter, HoldingsChannel.com reports. The fund owned 273,900 shares of the energy exploration company’s stock after acquiring an additional 8,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in EOG Resources were worth $37,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SJS Investment Consulting Inc. raised its holdings in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Byrne Asset Management LLC grew its holdings in EOG Resources by 469.4% in the third quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock valued at $29,000 after purchasing an additional 169 shares during the last quarter. Wedbush Fund Advisers LLC acquired a new stake in EOG Resources in the second quarter valued at $31,000. Global Assets Advisory LLC purchased a new position in shares of EOG Resources in the first quarter valued at $37,000. Finally, Main Street Group LTD purchased a new position in shares of EOG Resources in the first quarter valued at $38,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on EOG shares. UBS Group reaffirmed a “buy” rating and set a $186.00 price target (up from $183.00) on shares of EOG Resources in a research note on Friday, October 9th. Raymond James Financial reissued a “strong-buy” rating and issued a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research note on Thursday, September 17th. Seaport Research Partners initiated coverage on shares of EOG Resources in a report on Thursday, September 3rd. They set a “neutral” rating for the company. Morgan Stanley lifted their target price on shares of EOG Resources from $157.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Finally, Weiss Ratings raised shares of EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $161.24.

EOG Resources Stock Performance

EOG Resources stock opened at $165.58 on Friday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $165.93. The company has a market capitalization of $86.85 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.57 and a beta of 0.36. The stock has a fifty day moving average of $149.06 and a two-hundred day moving average of $136.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business’s revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.32 earnings per share. On average, analysts anticipate that EOG Resources, Inc. will post 17.70 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were paid a $1.02 dividend. The ex-dividend date of this dividend was Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.5%. EOG Resources’s payout ratio is presently 31.75%.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael Donaldson sold 7,336 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the transaction, the executive vice president directly owned 100,558 shares in the company, valued at approximately $14,882,584. This represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ezra Yacob sold 35,942 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 52,317 shares of company stock valued at $7,823,480. 0.14% of the stock is owned by insiders.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.