Public Employees Retirement System of Ohio Makes New $30.46 Million Investment in EOG Resources, Inc. $EOG

Public Employees Retirement System of Ohio bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 234,799 shares of the energy exploration company’s stock, valued at approximately $30,460,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Acumen Wealth Advisors LLC bought a new stake in EOG Resources in the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new stake in EOG Resources in the 4th quarter worth about $26,000. SJS Investment Consulting Inc. grew its position in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of EOG Resources in the fourth quarter worth $30,000. Finally, Gen Wealth Partners Inc acquired a new position in EOG Resources in the 4th quarter worth about $30,000. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

EOG Resources Stock Down 0.7%

NYSE:EOG opened at $143.53 on Friday. The stock’s fifty day simple moving average is $140.20 and its 200-day simple moving average is $136.19. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The firm has a market capitalization of $75.29 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.54 and a beta of 0.25. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (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 analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.32 earnings per share. Equities research analysts expect that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s payout ratio is currently 31.75%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EOG shares. Susquehanna restated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. Mizuho set a $157.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a report on Wednesday, May 27th. Barclays set a $147.00 target price on EOG Resources and gave the company an “equal weight” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Finally, DA Davidson upped 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $156.33.

EOG Resources 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.