National Pension Service Increases Stake in EOG Resources, Inc. (NYSE:EOG)

National Pension Service lifted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,275,736 shares of the energy exploration company's stock after buying an additional 4,140 shares during the quarter. National Pension Service owned about 0.23% of EOG Resources worth $156,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EOG. Financial Life Planners acquired a new stake in EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its stake in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Keystone Financial Group Inc. bought a new stake in shares of EOG Resources during the 4th quarter worth about $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in EOG Resources during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Performance

Shares of EOG stock traded down $3.62 during trading on Friday, hitting $126.99. The company's stock had a trading volume of 6,868,662 shares, compared to its average volume of 2,926,389. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $71.43 billion, a PE ratio of 10.22, a P/E/G ratio of 3.58 and a beta of 1.27. The business has a fifty day moving average of $129.30 and a 200-day moving average of $127.89. EOG Resources, Inc. has a 52 week low of $113.83 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.07%. EOG Resources's payout ratio is currently 31.40%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler boosted their price target on EOG Resources from $140.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Truist Financial raised their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. Raymond James increased their price target on EOG Resources from $167.00 to $175.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Bank of America restated a "neutral" rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, Citigroup boosted their target price on shares of EOG Resources from $127.00 to $134.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $145.30.

About EOG Resources

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.