Texas Permanent School Fund Corp Has $4.58 Million Stock Position in EOG Resources, Inc. $EOG

by · The Markets Daily

Texas Permanent School Fund Corp lessened its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 36.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,322 shares of the energy exploration company’s stock after selling 22,296 shares during the quarter. Texas Permanent School Fund Corp’s holdings in EOG Resources were worth $4,584,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EOG. Saudi Central Bank bought a new position in EOG Resources in the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $29,000. WPG Advisers LLC acquired a new position in EOG Resources during the 1st quarter worth approximately $36,000. Finally, ORG Partners LLC lifted its stake in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $104.77 on Thursday. EOG Resources, Inc. has a 1 year low of $101.69 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The company has a market capitalization of $56.85 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 7.70 and a beta of 0.49. The business has a 50-day moving average of $107.62 and a 200-day moving average of $114.90.

EOG Resources (NYSE:EOG – Get Free Report) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the business posted $2.89 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their price target on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Mizuho set a $134.00 target price on EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. Evercore ISI lifted their price target on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Siebert Williams Shank reduced their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, BMO Capital Markets dropped their price objective on shares of EOG Resources from $130.00 to $126.00 and set an “outperform” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $138.93.

Check Out Our Latest Stock Analysis on EOG

EOG Resources Company Profile

(Free Report)

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.

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