California State Teachers Retirement System Buys 80,330,686 Shares of EOG Resources, Inc. $EOG

California State Teachers Retirement System raised its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 12,810.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,957,747 shares of the energy exploration company's stock after buying an additional 80,330,686 shares during the quarter. California State Teachers Retirement System owned 15.43% of EOG Resources worth $10,502,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of EOG Resources in the 2nd quarter valued at about $5,905,587,000. State Street Corp boosted its stake in EOG Resources by 0.3% during the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company's stock worth $3,209,365,000 after acquiring an additional 100,080 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $2,099,028,000 after purchasing an additional 371,548 shares during the period. Geode Capital Management LLC grew its holdings 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 valued at $1,364,309,000 after purchasing an additional 95,260 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in 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 valued at $683,382,000 after purchasing an additional 122,112 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Up 0.2%

EOG Resources stock opened at $145.44 on Wednesday. The stock has a market capitalization of $76.29 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 0.54 and a beta of 0.26. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $142.06 and a 200-day moving average of $137.70.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the prior year, the firm earned $2.32 earnings per share. The firm's revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 16.89 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources's dividend payout ratio is 31.75%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EOG shares. Roth Capital reiterated a "neutral" rating and issued a $138.00 target price on shares of EOG Resources in a report on Wednesday, August 5th. Truist Financial upped their price objective on shares of EOG Resources from $134.00 to $153.00 and gave the company a "hold" rating in a research report on Thursday, August 6th. Zacks Research downgraded EOG Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded EOG Resources from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, UBS Group reduced their target price on EOG Resources from $168.00 to $158.00 and set a "buy" rating on the stock in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $157.04.

Insider Activity

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of EOG Resources stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares of the company's stock, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

EOG Resources Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company's principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.

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