EOG Resources, Inc. (NYSE:EOG) Shares Bought by TIAA Trust National Association

TIAA Trust National Association raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 8.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,634 shares of the energy exploration company’s stock after purchasing an additional 4,998 shares during the quarter. TIAA Trust National Association’s holdings in EOG Resources were worth $8,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new stake in EOG Resources in the fourth quarter valued at $5,443,000. Dai ichi Life Insurance Company Ltd raised its position in EOG Resources by 15.3% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after purchasing an additional 6,154 shares during the period. L. Roy Papp & Associates LLP raised its position in EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after purchasing an additional 26,026 shares during the period. AIA Group Ltd raised its position in EOG Resources by 128.0% in the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after purchasing an additional 5,728 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in EOG Resources by 2.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock valued at $119,868,000 after purchasing an additional 22,638 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG stock traded down $2.98 on Friday, reaching $129.25. 3,215,711 shares of the company’s stock were exchanged, compared to its average volume of 2,670,820. The stock has a fifty day moving average of $125.03 and a 200-day moving average of $123.12. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm has a market cap of $74.28 billion, a PE ratio of 10.21, a P/E/G ratio of 1.78 and a beta of 1.30. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. EOG Resources’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts predict that EOG Resources, Inc. will post 12.18 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,512 shares of company stock valued at $2,144,972. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Mizuho increased their price target on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Sanford C. Bernstein decreased their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday. KeyCorp began coverage on EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price for the company. Finally, Bank of America restated a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research note on Friday, June 14th. Fifteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $143.50.

EOG Resources 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.