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

Kentucky Retirement Systems Insurance Trust Fund boosted its position in 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 fund owned 16,294 shares of the energy exploration company's stock after buying an additional 6,627 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in EOG Resources were worth $2,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in EOG. Bank Pictet & Cie Europe AG grew its stake in shares of EOG Resources by 56.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock worth $30,449,000 after purchasing an additional 89,521 shares during the period. Global Retirement Partners LLC raised its stake in EOG Resources by 33.1% in the 4th quarter. Global Retirement Partners LLC now owns 3,869 shares of the energy exploration company's stock valued at $474,000 after purchasing an additional 962 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in EOG Resources by 8.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 7,703 shares of the energy exploration company's stock worth $944,000 after purchasing an additional 600 shares during the last quarter. Transcend Capital Advisors LLC lifted its stake in shares of EOG Resources by 29.1% in the fourth quarter. Transcend Capital Advisors LLC now owns 5,379 shares of the energy exploration company's stock worth $659,000 after buying an additional 1,212 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after acquiring an additional 80 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Up 1.0%

EOG stock traded up $1.24 during midday trading on Thursday, hitting $121.06. The company's stock had a trading volume of 2,703,905 shares, compared to its average volume of 3,388,794. The firm has a 50-day simple moving average of $114.49 and a 200-day simple moving average of $121.40. The firm has a market capitalization of $66.07 billion, a P/E ratio of 11.23, a PEG ratio of 9.63 and a beta of 0.74. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

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

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EOG. Stephens began coverage on EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target for the company. Susquehanna reduced their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a report on Sunday. Williams Trading set a $154.00 price objective on shares of EOG Resources in a report on Wednesday, March 5th. Finally, Bank of America lowered their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Twelve equities research 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.48.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

About EOG Resources

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.