Louisiana State Employees Retirement System Takes Position in EOG Resources, Inc. $EOG

Louisiana State Employees Retirement System purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,700 shares of the energy exploration company’s stock, valued at approximately $4,005,000.

Several other hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. grew its position in EOG Resources by 24.2% in the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after buying an additional 1,257,110 shares during the last quarter. First Trust Advisors LP raised its position in EOG Resources by 70.5% during the 4th quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after buying an additional 1,231,366 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of EOG Resources by 474.7% in the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after acquiring an additional 1,088,867 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of EOG Resources by 23.9% in the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after acquiring an additional 901,897 shares during the period. Finally, Capital World Investors boosted its holdings in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after acquiring an additional 782,426 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Citigroup reissued a “neutral” rating and set a $147.00 price objective (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. BMO Capital Markets upped their target price on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. DA Davidson raised their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.00.

EOG Resources Stock Performance

NYSE EOG opened at $132.64 on Friday. The business’s 50-day moving average price is $135.81 and its 200 day moving average price is $125.55. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a market capitalization of $70.65 billion, a PE ratio of 13.06 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the business earned $2.87 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. On average, research analysts predict that EOG Resources, Inc. will post 16.64 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

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.