National Pension Service Has $168.69 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Key Points

• The National Pension Service increased its stake in EOG Resources by 3.1%, owning 1,315,439 shares valued at approximately $168.69 million as of its latest SEC filing.
• EOG Resources declared a quarterly dividend of $1.02 per share, up from $0.98, reflecting a yield of 3.4% and a payout ratio of 37.90%.
• Analysts have varying ratings on EOG, with a consensus rating of "Moderate Buy" and an average price target of $140.71, following several recent upgrades and downgrades by different brokerage firms.

National Pension Service raised its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,315,439 shares of the energy exploration company's stock after purchasing an additional 39,703 shares during the period. National Pension Service owned 0.24% of EOG Resources worth $168,692,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Silvercrest Asset Management Group LLC boosted its stake in shares of 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 valued at $101,256,000 after purchasing an additional 106,677 shares during the last quarter. ARGA Investment Management LP boosted its stake in shares of EOG Resources by 24.2% in the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock valued at $1,724,000 after purchasing an additional 2,616 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of 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 purchasing an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of 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 valued at $20,852,000 after purchasing an additional 44,687 shares during the last quarter. Finally, Pinnacle Financial Partners Inc boosted its stake in shares of EOG Resources by 4.7% in the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock valued at $23,032,000 after purchasing an additional 8,127 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Raymond James Financial boosted their target price on shares of EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada dropped their target price on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 8th. UBS Group reiterated a "buy" rating and set a $142.00 target price (up previously from $140.00) on shares of EOG Resources in a research report on Tuesday. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and dropped their target price for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Finally, Bank of America dropped their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and an average price target of $140.71.

EOG Resources Stock Performance

Shares of EOG stock opened at $119.32 on Thursday. The firm has a 50-day moving average of $120.01 and a 200-day moving average of $119.64. The company has a market cap of $65.15 billion, a P/E ratio of 11.60, a P/E/G ratio of 9.02 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.14 by $0.18. The company had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.16 earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.4%. EOG Resources's dividend payout ratio (DPR) is currently 37.90%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company's stock.

EOG Resources Company 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.

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