135,742 Shares in EOG Resources, Inc. $EOG Bought by Strs Ohio

Key Points

• Strs Ohio invested approximately $17.41 million in EOG Resources, acquiring 135,742 shares of the energy exploration company in the first quarter.
• Recent analyst reports have generally been positive, with UBS raising its price objective for EOG Resources to $144.00, alongside multiple "buy" ratings from other analysts, indicating a consensus rating of "Moderate Buy".
• Insider COO Jeffrey R. Leitzell sold 3,951 shares in June, representing a 7.95% decrease in his ownership, while institutional investors now own 89.91% of the stock.

Strs Ohio bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 135,742 shares of the energy exploration company's stock, valued at approximately $17,408,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Granite Harbor Advisors Inc. lifted its position in shares of EOG Resources by 3.2% in the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company's stock valued at $389,000 after acquiring an additional 94 shares in the last quarter. FSM Wealth Advisors LLC lifted its holdings in shares of EOG Resources by 6.2% in the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after purchasing an additional 95 shares in the last quarter. Sigma Planning Corp boosted its position in shares of EOG Resources by 1.6% in the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock worth $803,000 after buying an additional 97 shares during the period. Bank of Jackson Hole Trust boosted its position in EOG Resources by 1.6% during the 1st quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company's stock worth $791,000 after acquiring an additional 100 shares during the period. Finally, Malaga Cove Capital LLC grew its position in EOG Resources by 2.9% during the first quarter. Malaga Cove Capital LLC now owns 3,502 shares of the energy exploration company's stock valued at $449,000 after purchasing an additional 100 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 1.2%

Shares of NYSE EOG traded down $1.39 during mid-day trading on Thursday, reaching $118.45. 1,015,029 shares of the company traded hands, compared to its average volume of 3,468,064. The company's fifty day moving average is $119.65 and its two-hundred day moving average is $117.98. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The stock has a market cap of $64.67 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 9.26 and a beta of 0.85.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly 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. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the company posted $3.16 earnings per share. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Raymond James Financial lifted 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 note on Tuesday, July 22nd. Piper Sandler reduced their price objective on EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Barclays upped their target price on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. KeyCorp reduced their price target on EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a report on Wednesday, September 3rd. Finally, Argus cut EOG Resources from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, EOG Resources has a consensus rating of "Moderate Buy" and a consensus target price of $143.48.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on 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 of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.