EOG Resources, Inc. (NYSE:EOG) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,244 shares of the energy exploration company’s stock after selling 1,531 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in EOG Resources were worth $2,460,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EOG. Vanguard Group Inc. grew its holdings in shares of EOG Resources by 0.3% during the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock valued at $6,938,635,000 after buying an additional 146,674 shares during the last quarter. Capital Research Global Investors raised its position in shares of EOG Resources by 1.3% during the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock worth $3,693,261,000 after purchasing an additional 373,365 shares during the last quarter. Capital World Investors raised its position in shares of EOG Resources by 5.4% during the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock worth $3,423,869,000 after purchasing an additional 1,361,538 shares during the last quarter. Capital International Investors raised its position in shares of EOG Resources by 7.1% during the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after purchasing an additional 766,056 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after purchasing an additional 1,029,727 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction on Friday, May 10th. The shares were 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 owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock valued at $2,144,972 in the last quarter. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.1 %

EOG traded up $0.11 during trading hours on Friday, reaching $127.15. 2,214,477 shares of the stock traded hands, compared to its average volume of 2,510,345. The firm’s fifty day simple moving average is $124.73 and its two-hundred day simple moving average is $123.34. The company has a market cap of $73.07 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 2.22 and a beta of 1.30. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05.

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 the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the business earned $2.69 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts forecast that EOG Resources, Inc. will post 12.13 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.86%. EOG Resources’s dividend payout ratio is currently 28.75%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Susquehanna increased their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. TD Cowen increased their price target on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Wolfe Research started coverage on shares of EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.20.

EOG Resources Company 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.