Arizona State Retirement System increased its stake in EOG Resources, Inc. (NYSE:EOG) by 0.2% during the first quarter, Holdings Channel reports. The fund owned 142,832 shares of the energy exploration company’s stock after buying an additional 300 shares during the period. Arizona State Retirement System’s holdings in EOG Resources were worth $13,933,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Jennison Associates LLC boosted its stake in shares of EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock valued at $680,055,000 after buying an additional 1,816,980 shares during the last quarter. Norges Bank acquired a new position in EOG Resources during the fourth quarter worth approximately $494,429,000. American Century Companies Inc. boosted its position in EOG Resources by 14.9% in the first quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock worth $432,577,000 after buying an additional 576,162 shares in the last quarter. Bank of Montreal Can boosted its position in EOG Resources by 18.0% in the first quarter. Bank of Montreal Can now owns 3,391,204 shares of the energy exploration company’s stock worth $330,812,000 after buying an additional 516,203 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in EOG Resources by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 3,277,546 shares of the energy exploration company’s stock worth $331,360,000 after buying an additional 140,590 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors.
Shares of EOG Resources, Inc. (EOG) opened at 88.00 on Wednesday. The stock’s market cap is $50.80 billion. EOG Resources, Inc. has a one year low of $78.04 and a one year high of $109.37. The stock’s 50 day moving average price is $90.99 and its 200 day moving average price is $97.41.
EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.19 billion. EOG Resources had a negative net margin of 6.70% and a negative return on equity of 2.69%. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.83) earnings per share. Analysts forecast that EOG Resources, Inc. will post $1.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be paid a $0.1675 dividend. The ex-dividend date is Thursday, July 13th. This represents a $0.67 annualized dividend and a dividend yield of 0.76%. EOG Resources’s dividend payout ratio (DPR) is -62.04%.
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A number of research analysts have recently commented on the company. Atlantic Securities raised EOG Resources from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research note on Tuesday. FBR & Co cut their target price on EOG Resources from $122.00 to $108.00 and set an “outperform” rating on the stock in a research note on Monday. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Credit Suisse Group set a $108.00 target price on EOG Resources and gave the company a “hold” rating in a research note on Friday, June 2nd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $114.00 target price on shares of EOG Resources in a research note on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the company. EOG Resources presently has an average rating of “Buy” and an average price target of $108.69.
About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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