Police & Firemen s Retirement System of New Jersey Grows Holdings in EOG Resources, Inc. $EOG

Police & Firemen s Retirement System of New Jersey lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 83,696 shares of the energy exploration company’s stock after purchasing an additional 2,379 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in EOG Resources were worth $10,011,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise acquired a new position in EOG Resources during the first quarter worth $26,000. Saudi Central Bank purchased a new stake in shares of EOG Resources in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its stake in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in EOG Resources during the 2nd quarter valued at about $29,000. Finally, WPG Advisers LLC acquired a new position in EOG Resources in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group increased their price target on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Siebert Williams Shank cut their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Piper Sandler set a $129.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a research report on Tuesday, October 21st. KeyCorp dropped their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Finally, Scotiabank reiterated a “sector perform” rating and issued a $130.00 price objective on shares of EOG Resources in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $140.72.

EOG Resources Price Performance

Shares of EOG opened at $109.29 on Friday. The firm has a market capitalization of $59.67 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 8.20 and a beta of 0.72. The firm’s fifty day simple moving average is $111.17 and its 200-day simple moving average is $115.46. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last issued 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 net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm posted $2.89 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

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.