Teachers Retirement System of The State of Kentucky Has $10.62 Million Stock Holdings in EOG Resources, Inc. $EOG

Teachers Retirement System of The State of Kentucky grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 66.9% during the 1st quarter, HoldingsChannel reports. The firm owned 73,479 shares of the energy exploration company’s stock after purchasing an additional 29,459 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in EOG Resources were worth $10,623,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after buying an additional 446,341 shares during the last quarter. State Street Corp grew its position in EOG Resources by 0.3% in the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after acquiring an additional 100,080 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after acquiring an additional 371,548 shares in the last quarter. Geode Capital Management LLC raised its stake in EOG Resources by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after acquiring an additional 95,260 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of EOG Resources by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock worth $683,382,000 after acquiring an additional 122,112 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research analyst reports. Raymond James Financial reduced their price target on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research note on Monday, June 22nd. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley cut their target price on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Truist Financial decreased their target price on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, July 1st. Finally, DA Davidson upped their price target on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and an average target price of $155.04.

EOG Resources Stock Performance

Shares of EOG stock opened at $139.50 on Tuesday. The business’s 50 day simple moving average is $135.56 and its 200 day simple moving average is $127.75. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The stock has a market capitalization of $74.30 billion, a PE ratio of 13.73 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the firm posted $2.87 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, research analysts forecast that EOG Resources, Inc. will post 16.19 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio is 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.