Oregon Public Employees Retirement Fund Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

Oregon Public Employees Retirement Fund increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,464 shares of the energy exploration company’s stock after purchasing an additional 269 shares during the period. Oregon Public Employees Retirement Fund’s holdings in EOG Resources were worth $6,215,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EOG. Bank Pictet & Cie Europe AG raised its holdings in shares of EOG Resources by 56.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company’s stock worth $30,449,000 after acquiring an additional 89,521 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of EOG Resources by 58.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,623 shares of the energy exploration company’s stock worth $437,000 after acquiring an additional 1,339 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of EOG Resources by 31.6% during the 4th quarter. Jones Financial Companies Lllp now owns 9,529 shares of the energy exploration company’s stock worth $1,168,000 after acquiring an additional 2,290 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of EOG Resources during the 4th quarter worth approximately $90,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of EOG Resources by 8.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,828 shares of the energy exploration company’s stock worth $3,289,000 after acquiring an additional 2,115 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Mizuho decreased their price target on EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Susquehanna decreased their price target on EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group restated a “buy” rating and set a $148.00 price target (up previously from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Raymond James Financial increased their price target on EOG Resources from $148.00 to $158.00 and gave the company a “strong-buy” rating in a report on Monday, June 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $145.00 price target on shares of EOG Resources in a report on Friday, June 20th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $139.48.

EOG Resources Price Performance

EOG opened at $122.94 on Thursday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The business’s fifty day simple moving average is $115.33 and its 200-day simple moving average is $121.24. The company has a market capitalization of $67.10 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 9.74 and a beta of 0.76. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the company earned $2.82 earnings per share. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently disclosed 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 represents a $4.08 dividend on an annualized basis and a yield of 3.32%. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

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.