EOG Resources, Inc. $EOG Shares Purchased by National Pension Service

National Pension Service grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,433,274 shares of the energy exploration company’s stock after acquiring an additional 43,626 shares during the quarter. National Pension Service’s holdings in EOG Resources were worth $160,699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. Sivia Capital Partners LLC purchased a new position in EOG Resources in the second quarter valued at approximately $258,000. Truist Financial Corp increased its position in shares of EOG Resources by 36.7% in the second quarter. Truist Financial Corp now owns 188,783 shares of the energy exploration company’s stock worth $22,580,000 after acquiring an additional 50,645 shares in the last quarter. LBP AM SA purchased a new stake in EOG Resources during the 2nd quarter worth $801,000. PFG Investments LLC increased its holdings in EOG Resources by 15.2% in the 2nd quarter. PFG Investments LLC now owns 4,749 shares of the energy exploration company’s stock valued at $568,000 after purchasing an additional 625 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in EOG Resources in the second quarter valued at about $60,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Up 0.0%

NYSE:EOG opened at $112.13 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The company has a market capitalization of $60.84 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 9.68 and a beta of 0.49. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $135.87. The stock has a 50-day simple moving average of $106.92 and a 200 day simple moving average of $111.74.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the business posted $2.89 EPS. EOG Resources’s quarterly revenue was down 2.0% compared to the same quarter last year. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, January 16th. EOG Resources’s dividend payout ratio is currently 40.64%.

Wall Street Analyst Weigh In

EOG has been the subject of several analyst reports. UBS Group reaffirmed a “buy” rating and issued a $141.00 target price (down previously from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. Royal Bank Of Canada set a $138.00 price objective on shares of EOG Resources and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Scotiabank set a $123.00 target price on shares of EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. Sanford C. Bernstein restated a “market perform” rating and issued a $126.00 target price (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. Finally, Jefferies Financial Group set a $140.00 price objective on shares of EOG Resources in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $134.07.

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.