VIRGINIA RETIREMENT SYSTEMS ET Al Invests $33.87 Million in EOG Resources, Inc. $EOG

Key Points

• VIRGINIA RETIREMENT SYSTEMS ET Al invested approximately $33.87 million in EOG Resources, acquiring 283,200 shares in the second quarter.
• EOG Resources reported a quarterly earnings per share (EPS) of $2.32, exceeding analyst expectations of $2.14, although its revenue decreased by 9.1% year-over-year.
• Average analyst ratings for EOG Resources indicate a consensus of "Hold" with a price target averaging $141.04.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 283,200 shares of the energy exploration company's stock, valued at approximately $33,874,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of EOG Resources as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources in the first quarter worth approximately $26,000. Saudi Central Bank purchased a new stake in shares of EOG Resources in the first quarter worth approximately $28,000. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources in the second quarter worth approximately $29,000. Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources in the first quarter worth approximately $34,000. Finally, ORG Partners LLC increased its position in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock valued at $34,000 after acquiring an additional 88 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

NYSE:EOG opened at $106.13 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The business has a fifty day simple moving average of $116.58 and a two-hundred day simple moving average of $115.92. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a market capitalization of $57.95 billion, a P/E ratio of 10.31, a P/E/G ratio of 8.15 and a beta of 0.74.

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

Analyst Ratings Changes

A number of analysts recently commented on EOG shares. Susquehanna increased their price target on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Roth Capital decreased their price target on EOG Resources from $126.00 to $114.00 and set a "neutral" rating for the company in a research report on Wednesday, October 15th. JPMorgan Chase & Co. decreased their price target on EOG Resources from $132.00 to $131.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EOG Resources in a research report on Wednesday, October 8th. Finally, Morgan Stanley decreased their price target on EOG Resources from $141.00 to $136.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, EOG Resources has an average rating of "Hold" and an average price target of $141.04.

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.

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