EOG Resources, Inc. (NYSE:EOG) Shares Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 68.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,294 shares of the energy exploration company's stock after acquiring an additional 6,627 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in EOG Resources were worth $2,090,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EOG. Silvercrest Asset Management Group LLC lifted its holdings in EOG Resources by 14.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock worth $101,256,000 after purchasing an additional 106,677 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its stake in EOG Resources by 3.2% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock valued at $12,630,000 after acquiring an additional 3,150 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in EOG Resources by 15.3% in the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock valued at $2,609,000 after acquiring an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock worth $20,852,000 after purchasing an additional 44,687 shares in the last quarter. Finally, Signet Financial Management LLC boosted its holdings in shares of EOG Resources by 15.3% during the 1st quarter. Signet Financial Management LLC now owns 29,292 shares of the energy exploration company's stock valued at $3,756,000 after purchasing an additional 3,890 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Citigroup lowered their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Susquehanna reduced their price target on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Finally, Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the company an "equal weight" rating in a report on Monday, June 2nd. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $139.48.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company's stock.

EOG Resources Stock Down 1.0%

NYSE:EOG traded down $1.22 during mid-day trading on Tuesday, reaching $120.77. The company's stock had a trading volume of 3,963,767 shares, compared to its average volume of 3,383,828. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $65.92 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 9.97 and a beta of 0.74. The stock has a fifty day moving average of $113.78 and a 200-day moving average of $121.46. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. EOG Resources's revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $2.82 earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.38%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's dividend payout ratio is presently 36.18%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.