National Pension Service Grows Position in EOG Resources, Inc. $EOG

National Pension Service boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,433,274 shares of the energy exploration company’s stock after buying an additional 43,626 shares during the period. National Pension Service owned approximately 0.26% of EOG Resources worth $160,699,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Sivia Capital Partners LLC purchased a new stake in EOG Resources during the 2nd quarter worth approximately $258,000. Truist Financial Corp raised its stake in EOG Resources by 36.7% during the 2nd 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 shares of EOG Resources in the 2nd quarter valued at about $801,000. PFG Investments LLC boosted its holdings in shares of EOG Resources by 15.2% in the second quarter. PFG Investments LLC now owns 4,749 shares of the energy exploration company’s stock valued at $568,000 after acquiring an additional 625 shares during the period. Finally, Hilltop National Bank acquired a new position in EOG Resources in the second quarter valued at $60,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer owned 54,979 shares in the company, valued at $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 available through this link. Company insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

NYSE:EOG opened at $112.13 on Friday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $135.87. The firm has a market cap 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. The company’s 50-day moving average is $106.92 and its two-hundred day moving average is $111.74. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.89 earnings per share. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EOG shares. Citigroup restated a “neutral” rating and set a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $127.00 price objective (up from $126.00) on shares of EOG Resources in a research note on Tuesday. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Jefferies Financial Group set a $140.00 price target on EOG Resources in a research note on Wednesday, January 14th. Finally, Capital One Financial decreased their price objective on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average target price of $134.07.

EOG Resources Company Profile

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.