National Pension Service Buys 9,738 Shares of EOG Resources, Inc. $EOG

National Pension Service raised its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,956,669 shares of the energy exploration company's stock after buying an additional 9,738 shares during the quarter. National Pension Service owned about 0.37% of EOG Resources worth $253,839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EOG. Sivia Capital Partners LLC acquired a new stake in EOG Resources in the 2nd quarter worth approximately $258,000. Quantbot Technologies LP acquired a new stake in EOG Resources during the 2nd quarter worth about $349,000. Gamco Investors INC. ET AL lifted its position in EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company's stock worth $785,000 after acquiring an additional 4,485 shares during the period. NewEdge Advisors LLC increased its holdings in shares of EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company's stock valued at $2,725,000 after purchasing an additional 444 shares during the period. Finally, Sei Investments Co. raised its stake in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company's stock worth $43,356,000 after purchasing an additional 15,250 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $147.58 on Friday. The business's 50 day moving average price is $142.77 and its 200 day moving average price is $138.03. The company has a market cap of $77.41 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.54 and a beta of 0.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $153.67.

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

EOG Resources Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Ezra Yacob sold 35,942 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value 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. The trade was a 12.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EOG has been the subject of several recent research reports. Freedom Capital cut shares of EOG Resources from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. Seaport Research Partners began coverage on EOG Resources in a report on Thursday, September 3rd. They issued a "neutral" rating for the company. Citigroup restated a "neutral" rating and issued a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research report on Thursday, August 27th. Mizuho set a $157.00 target price on shares of EOG Resources and gave the stock a "neutral" rating in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $175.00 target price (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $157.07.

About EOG Resources

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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