VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 265,900 EOG Resources, Inc. $EOG

Key Points

• Virginia Retirement Systems bought 265,900 EOG Resources shares worth approximately $34.5 million, while institutional investors collectively own 89.91% of the company.
• Analyst sentiment is mixed but leans neutral: EOG has a consensus “Hold” rating and an average price target of $157.04, compared with its reported share price of $145.11.
• EOG beat quarterly earnings and revenue estimates, reporting $5.07 in EPS and $8.62 billion in revenue, and announced a quarterly dividend of $1.02 per share, representing a 2.8% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 265,900 shares of the energy exploration company's stock, valued at approximately $34,495,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of EOG Resources as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in EOG. California State Teachers Retirement System increased its position in EOG Resources by 12,810.7% during the 2nd quarter. California State Teachers Retirement System now owns 80,957,747 shares of the energy exploration company's stock valued at $10,502,649,000 after buying an additional 80,330,686 shares in the last quarter. BlackRock Inc. purchased a new position in EOG Resources during the second quarter valued at $5,905,587,000. State Street Corp boosted its holdings in EOG Resources by 0.3% in the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company's stock worth $3,209,365,000 after acquiring an additional 100,080 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company's stock worth $2,099,028,000 after acquiring an additional 371,548 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of EOG Resources by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company's stock worth $1,364,309,000 after acquiring an additional 95,260 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EOG shares. Morgan Stanley set a $157.00 price target on EOG Resources and gave the company an "equal weight" rating in a report on Wednesday, August 19th. Wall Street Zen cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Freedom Capital downgraded shares of EOG Resources from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Zacks Research lowered shares of EOG Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. Finally, Seaport Research Partners started coverage on shares of EOG Resources in a report on Thursday, September 3rd. They issued a "neutral" rating for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Hold" and a consensus price target of $157.04.

Insider Transactions at EOG Resources

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

EOG Resources Stock Down 0.1%

EOG stock opened at $145.11 on Tuesday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $153.67. The business has a fifty day moving average price of $141.75 and a 200-day moving average price of $137.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market capitalization of $76.11 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.54 and a beta of 0.26.

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

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources's payout ratio is 31.75%.

EOG Resources Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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