TIAA Trust National Association Purchases 3,456 Shares of EOG Resources, Inc. (NYSE:EOG)

TIAA Trust National Association boosted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 26.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,325 shares of the energy exploration company's stock after acquiring an additional 3,456 shares during the quarter. TIAA Trust National Association's holdings in EOG Resources were worth $2,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG grew its stake in shares of EOG Resources by 56.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after buying an additional 89,521 shares during the last quarter. World Investment Advisors grew its stake in shares of EOG Resources by 8.3% during the fourth quarter. World Investment Advisors now owns 6,434 shares of the energy exploration company's stock valued at $789,000 after buying an additional 495 shares during the last quarter. Thoroughbred Financial Services LLC bought a new position in shares of EOG Resources during the fourth quarter valued at about $236,000. Prudential PLC grew its stake in shares of EOG Resources by 22.6% during the fourth quarter. Prudential PLC now owns 30,046 shares of the energy exploration company's stock valued at $3,683,000 after buying an additional 5,541 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of EOG Resources during the fourth quarter valued at about $21,109,000. Institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EOG shares. Raymond James Financial raised their price objective on 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 on the stock in a research note on Thursday, July 17th. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price objective for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Susquehanna raised their price objective on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Finally, Roth Capital lowered shares of EOG Resources from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $140.00 to $134.00 in a report on Wednesday, July 9th. Twelve equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.62.

EOG Resources Price Performance

EOG stock opened at $116.64 on Monday. The firm has a 50 day moving average price of $118.96 and a 200-day moving average price of $120.41. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a market capitalization of $63.66 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 8.96 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87.

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 the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. 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 earned $2.82 earnings per share. The business's revenue was down 7.4% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company 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. This represents a $4.08 annualized dividend and a dividend yield of 3.5%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is 36.18%.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.