Oregon Public Employees Retirement Fund Takes Position in EOG Resources Inc (EOG)

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Oregon Public Employees Retirement Fund bought a new stake in shares of EOG Resources Inc (NYSE:EOG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 62,979 shares of the energy exploration company’s stock, valued at approximately $7,836,000.

Several other large investors have also recently bought and sold shares of the company. Culbertson A N & Co. Inc. increased its holdings in shares of EOG Resources by 1.1% during the 2nd quarter. Culbertson A N & Co. Inc. now owns 38,399 shares of the energy exploration company’s stock valued at $4,778,000 after purchasing an additional 415 shares in the last quarter. Creative Planning increased its holdings in shares of EOG Resources by 1.0% during the 2nd quarter. Creative Planning now owns 42,007 shares of the energy exploration company’s stock valued at $5,227,000 after purchasing an additional 417 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of EOG Resources by 1.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,211 shares of the energy exploration company’s stock valued at $2,546,000 after purchasing an additional 423 shares in the last quarter. Bainco International Investors increased its holdings in EOG Resources by 0.5% in the 2nd quarter. Bainco International Investors now owns 84,702 shares of the energy exploration company’s stock worth $10,539,000 after acquiring an additional 438 shares in the last quarter. Finally, Parkwood LLC increased its holdings in EOG Resources by 8.3% in the 2nd quarter. Parkwood LLC now owns 5,747 shares of the energy exploration company’s stock worth $715,000 after acquiring an additional 438 shares in the last quarter. 86.02% of the stock is owned by hedge funds and other institutional investors.

In other EOG Resources news, Director Donald F. Textor sold 1,864 shares of the company’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $122.88, for a total value of $229,048.32. Following the transaction, the director now owns 118,263 shares of the company’s stock, valued at $14,532,157.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Gary L. Thomas sold 55,886 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $118.27, for a total transaction of $6,609,637.22. Following the completion of the transaction, the president now directly owns 1,131,797 shares in the company, valued at approximately $133,857,631.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,815 shares of company stock worth $13,821,159. Corporate insiders own 0.51% of the company’s stock.

Shares of EOG stock opened at $117.89 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap of $68.48 billion, a PE ratio of 105.26, a PEG ratio of 1.76 and a beta of 1.04. EOG Resources Inc has a twelve month low of $86.08 and a twelve month high of $131.60.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $3.95 billion. EOG Resources had a net margin of 27.81% and a return on equity of 12.38%. The company’s revenue was up 62.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. analysts forecast that EOG Resources Inc will post 5.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be given a dividend of $0.22 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.75%. EOG Resources’s payout ratio is presently 66.07%.

EOG has been the subject of several recent analyst reports. TD Securities boosted their price target on shares of EOG Resources from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Jefferies Financial Group set a $122.00 price target on shares of EOG Resources and gave the stock a “hold” rating in a report on Wednesday, July 18th. Morgan Stanley initiated coverage on shares of EOG Resources in a report on Thursday, July 12th. They issued an “equal weight” rating and a $128.00 price target for the company. Finally, Stifel Nicolaus lowered shares of EOG Resources to a “hold” rating and set a $148.00 price target for the company. in a report on Thursday, July 19th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $135.33.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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