VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in EOG Resources, Inc. $EOG

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the second quarter, HoldingsChannel reports. The firm purchased 265,900 shares of the energy exploration company’s stock, valued at approximately $34,495,000.

Other large investors also recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new stake in shares of EOG Resources during the 2nd quarter valued at about $258,000. Quantbot Technologies LP purchased a new position in shares of EOG Resources in the second quarter worth approximately $349,000. Gamco Investors INC. ET AL boosted its holdings in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after buying an additional 4,485 shares during the last quarter. NewEdge Advisors LLC grew its position in EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares during the period. Finally, Sei Investments Co. grew its position in EOG Resources by 4.4% during the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after buying an additional 15,250 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is owned by insiders.

EOG Resources Price Performance

NYSE EOG opened at $145.11 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. The stock has a market cap of $76.11 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 0.54 and a beta of 0.26. The company’s 50 day moving average is $141.75 and its two-hundred day moving average is $137.53.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company’s revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.32 earnings per share. As a group, research analysts anticipate that EOG Resources, Inc. will post 16.89 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued 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 currently 31.75%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Capital One Financial downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective for the company. in a research report on Wednesday, August 26th. Truist Financial upped their price objective on EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. decreased their target price on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $193.00 target price (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $157.04.

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.