EOG Resources, Inc. $EOG Stock Holdings Raised by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in EOG Resources, Inc. (NYSE:EOG) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 owned about 0.05% of EOG Resources worth $37,732,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Jupiter Topco LLC acquired a new stake in shares of EOG Resources during the second quarter worth about $138,987,000. Punch & Associates Investment Management Inc. purchased a new position in shares of EOG Resources during the second quarter worth about $11,746,000. Parvin Asset Management LLC purchased a new position in shares of EOG Resources during the second quarter worth about $1,743,000. Transamerica Financial Advisors LLC acquired a new position in EOG Resources in the 2nd quarter valued at about $1,051,000. Finally, Rakuten Investment Management Inc. acquired a new position in EOG Resources in the 2nd quarter valued at about $11,517,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the subject of several analyst reports. Citigroup reaffirmed a “neutral” rating and set a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. Capital One Financial downgraded EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price on the stock. in a research note on Wednesday, August 26th. Seaport Research Partners assumed coverage on EOG Resources in a report on Thursday, September 3rd. They issued a “neutral” rating on the stock. Morgan Stanley boosted their target price on EOG Resources from $157.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Finally, Zacks Research upgraded EOG Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $161.24.

Insider Transactions at EOG Resources

In related news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value 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. The trade was a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael P. Donaldson sold 7,336 shares of the company’s stock in a transaction on Friday, September 11th. The stock was 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 $14,882,584. This represents a 6.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 52,317 shares of company stock valued at $7,823,480. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 2.1%

Shares of EOG Resources stock opened at $165.58 on Friday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $165.93. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The company’s 50-day simple moving average is $149.06 and its 200-day simple moving average is $136.76. The firm has a market cap of $86.85 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.57 and a beta of 0.36.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.32 earnings per share. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 17.70 earnings per share for the current year.

EOG Resources Announces Dividend

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

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.