Arizona State Retirement System Purchases 801 Shares of EOG Resources, Inc. (NYSE:EOG)

Arizona State Retirement System increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 168,147 shares of the energy exploration company’s stock after buying an additional 801 shares during the period. Arizona State Retirement System’s holdings in EOG Resources were worth $21,165,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Riverview Trust Co bought a new position in EOG Resources in the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources in the 2nd quarter worth about $28,000. Gladius Capital Management LP bought a new position in EOG Resources during the second quarter valued at about $30,000. Sachetta LLC purchased a new stake in EOG Resources during the fourth quarter worth about $33,000. Finally, Triad Wealth Partners LLC bought a new stake in EOG Resources in the second quarter worth about $35,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

NYSE EOG opened at $120.35 on Friday. The company’s 50 day simple moving average is $126.66 and its two-hundred day simple moving average is $125.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The stock has a market capitalization of $69.17 billion, a PE ratio of 9.51, a P/E/G ratio of 3.22 and a beta of 1.30.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter last year, the business posted $2.49 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.02%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. Wolfe Research initiated coverage on EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Citigroup boosted their target price on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. KeyCorp initiated coverage on EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target for the company. Finally, Bank of America restated a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.95.

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.