Treasurer of the State of North Carolina Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Treasurer of the State of North Carolina lifted its position in EOG Resources, Inc. (NYSE:EOG) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 255,531 shares of the energy exploration company’s stock after acquiring an additional 4,000 shares during the period. Treasurer of the State of North Carolina’s holdings in EOG Resources were worth $31,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its holdings in EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after purchasing an additional 2,792,092 shares in the last quarter. Franklin Resources Inc. grew its position in shares of EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after buying an additional 2,076,134 shares during the period. Raymond James Financial Inc. bought a new position in shares of EOG Resources in the 4th quarter worth about $171,193,000. Charles Schwab Investment Management Inc. lifted its position in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after acquiring an additional 781,282 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in EOG Resources by 486.6% during the fourth quarter. Renaissance Technologies LLC now owns 726,200 shares of the energy exploration company’s stock worth $89,018,000 after acquiring an additional 602,400 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $104.39 on Friday. The firm has a market cap of $57.58 billion, a PE ratio of 8.40, a P/E/G ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $124.67 and a two-hundred day simple moving average of $127.08.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. UBS Group reduced their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Finally, Williams Trading set a $154.00 price target on shares of EOG Resources in a research note on Wednesday, March 5th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $144.67.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

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.