Teacher Retirement System of Texas Buys 97,737 Shares of EOG Resources, Inc. $EOG

Teacher Retirement System of Texas lifted its position in EOG Resources, Inc. (NYSE:EOG) by 88.1% during the third quarter, HoldingsChannel.com reports. The fund owned 208,685 shares of the energy exploration company’s stock after purchasing an additional 97,737 shares during the period. Teacher Retirement System of Texas’ holdings in EOG Resources were worth $23,398,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in EOG Resources by 4.2% in the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock worth $736,712,000 after purchasing an additional 249,984 shares during the period. Invesco Ltd. increased its position in shares of EOG Resources by 7.0% in the 2nd quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock valued at $537,588,000 after buying an additional 294,641 shares in the last quarter. First Trust Advisors LP raised its stake in EOG Resources by 64.1% during the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after buying an additional 1,456,928 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in EOG Resources by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,899,816 shares of the energy exploration company’s stock worth $322,663,000 after acquiring an additional 184,387 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in EOG Resources by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 2,327,688 shares of the energy exploration company’s stock valued at $278,414,000 after acquiring an additional 154,775 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares in the company, valued at approximately $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EOG. Raymond James Financial reiterated a “strong-buy” rating and set a $153.00 price objective on shares of EOG Resources in a report on Wednesday, December 3rd. Capital One Financial cut their price target on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Citigroup reiterated a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $121.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday. Finally, UBS Group reaffirmed a “buy” rating and issued a $141.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $134.89.

EOG Resources Stock Performance

Shares of EOG stock opened at $108.26 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $135.87. The company’s fifty day simple moving average is $106.68 and its 200-day simple moving average is $112.23. The firm has a market cap of $58.74 billion, a PE ratio of 10.78, a P/E/G ratio of 8.83 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm earned $2.89 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. EOG Resources’s payout ratio is currently 40.64%.

EOG Resources Company 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.