North Dakota State Investment Board Invests $1.97 Million in EOG Resources, Inc. $EOG

North Dakota State Investment Board purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,742 shares of the energy exploration company’s stock, valued at approximately $1,968,000.

A number of other large investors have also modified their holdings of the business. Bollard Group LLC grew its stake in shares of EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after acquiring an additional 93 shares during the last quarter. Hardy Reed LLC grew its stake in shares of EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after acquiring an additional 97 shares during the last quarter. RKL Wealth Management LLC lifted its holdings in shares of EOG Resources by 0.5% during the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock worth $2,381,000 after purchasing an additional 98 shares during the period. CoreFirst Bank & Trust lifted its holdings in shares of EOG Resources by 18.5% during the third quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock worth $72,000 after purchasing an additional 100 shares during the period. Finally, Ethos Financial Group LLC lifted its holdings in shares of EOG Resources by 2.5% during the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,230 shares of company stock valued at $2,522,568 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on EOG. Piper Sandler lifted their target price on EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. UBS Group lifted their target price on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Sanford C. Bernstein set a $155.00 target price on EOG Resources and gave the stock a “market perform” rating in a report on Monday, May 11th. Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Williams Trading set a $177.00 target price on EOG Resources in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.21.

EOG Resources Trading Up 2.0%

Shares of NYSE:EOG opened at $143.03 on Tuesday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a market capitalization of $76.18 billion, a PE ratio of 14.08 and a beta of 0.27. The business has a 50 day moving average of $137.03 and a two-hundred day moving average of $119.77. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the company posted $2.87 earnings per share. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, analysts forecast that EOG Resources, Inc. will post 14.83 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s payout ratio is presently 40.16%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.