Louisiana State Employees Retirement System Has $4.09 Million Position in EOG Resources, Inc. (NYSE:EOG)

Louisiana State Employees Retirement System cut its stake in EOG Resources, Inc. (NYSE:EOG) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,500 shares of the energy exploration company’s stock after selling 1,400 shares during the period. Louisiana State Employees Retirement System’s holdings in EOG Resources were worth $4,091,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new position in EOG Resources in the fourth quarter valued at about $40,000. Federated Hermes Inc. raised its position in EOG Resources by 15.4% in the 4th quarter. Federated Hermes Inc. now owns 11,324 shares of the energy exploration company’s stock valued at $1,370,000 after purchasing an additional 1,512 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in EOG Resources by 24.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 2,353 shares of the energy exploration company’s stock worth $285,000 after purchasing an additional 461 shares in the last quarter. abrdn plc raised its holdings in shares of EOG Resources by 49.1% in the fourth quarter. abrdn plc now owns 298,448 shares of the energy exploration company’s stock valued at $36,097,000 after buying an additional 98,287 shares during the last quarter. Finally, Signaturefd LLC increased its position in EOG Resources by 12.1% in the 4th quarter. Signaturefd LLC now owns 9,031 shares of the energy exploration company’s stock valued at $1,092,000 after acquiring an additional 976 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

EOG stock traded up $1.18 during trading hours on Friday, reaching $126.40. The stock had a trading volume of 632,327 shares, compared to its average volume of 3,150,440. The stock has a market capitalization of $72.64 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. The stock has a 50-day simple moving average of $125.79 and a 200 day simple moving average of $124.91. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $2.49 earnings per share. Analysts predict that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is presently 28.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup lifted their price objective on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Mizuho lifted their target price on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Wolfe Research began coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank cut their target price on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Finally, Truist Financial decreased their target price on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Fourteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $144.15.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

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.