EOG Resources Inc (NYSE:EOG) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in shares of EOG Resources Inc (NYSE:EOG) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,739 shares of the energy exploration company’s stock after purchasing an additional 2,170 shares during the quarter. State of Alaska Department of Revenue’s holdings in EOG Resources were worth $8,078,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of EOG. Perella Weinberg Partners Capital Management LP boosted its holdings in EOG Resources by 291.5% in the second quarter. Perella Weinberg Partners Capital Management LP now owns 284,252 shares of the energy exploration company’s stock valued at $26,481,000 after acquiring an additional 211,651 shares during the last quarter. Amarillo National Bank boosted its holdings in EOG Resources by 2.5% in the second quarter. Amarillo National Bank now owns 8,064 shares of the energy exploration company’s stock valued at $751,000 after acquiring an additional 200 shares during the last quarter. Field & Main Bank boosted its holdings in EOG Resources by 7.5% in the second quarter. Field & Main Bank now owns 5,725 shares of the energy exploration company’s stock valued at $533,000 after acquiring an additional 400 shares during the last quarter. AE Wealth Management LLC boosted its holdings in EOG Resources by 98.5% in the second quarter. AE Wealth Management LLC now owns 5,528 shares of the energy exploration company’s stock valued at $515,000 after acquiring an additional 2,743 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in EOG Resources by 0.7% in the second quarter. Moody National Bank Trust Division now owns 82,195 shares of the energy exploration company’s stock valued at $7,658,000 after acquiring an additional 600 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:EOG traded down $0.02 during trading on Wednesday, hitting $86.05. The company’s stock had a trading volume of 2,154,027 shares, compared to its average volume of 3,128,700. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. EOG Resources Inc has a fifty-two week low of $80.41 and a fifty-two week high of $133.53. The firm’s 50-day simple moving average is $88.47. The stock has a market capitalization of $49.94 billion, a P/E ratio of 15.53, a PEG ratio of 1.45 and a beta of 1.33.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.16. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts forecast that EOG Resources Inc will post 5.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.2875 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 annualized dividend and a dividend yield of 1.34%. EOG Resources’s payout ratio is 20.76%.

EOG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on EOG Resources from $115.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Thursday, May 9th. Wells Fargo & Co started coverage on EOG Resources in a research note on Monday, May 20th. They set an “outperform” rating and a $110.00 price objective on the stock. SunTrust Banks reduced their price objective on EOG Resources to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Finally, ValuEngine cut EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $118.09.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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