Texas Permanent School Fund Corp Decreases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Texas Permanent School Fund Corp reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 21.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 95,233 shares of the energy exploration company’s stock after selling 25,339 shares during the period. Texas Permanent School Fund Corp’s holdings in EOG Resources were worth $11,987,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EOG. Riverview Trust Co purchased a new stake in EOG Resources during the second quarter worth approximately $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources during the second quarter worth approximately $28,000. Gladius Capital Management LP purchased a new stake in EOG Resources during the second quarter worth approximately $30,000. Sachetta LLC purchased a new stake in EOG Resources during the fourth quarter worth approximately $33,000. Finally, Triad Wealth Partners LLC purchased a new stake in EOG Resources during the second quarter worth approximately $35,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Up 0.1 %

Shares of NYSE:EOG opened at $120.50 on Tuesday. The stock has a market capitalization of $68.52 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 3.01 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company’s fifty day moving average is $126.54 and its two-hundred day moving average is $126.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.49 earnings per share. Equities analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.02%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EOG shares. Citigroup boosted their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Susquehanna decreased their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Sanford C. Bernstein decreased their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Finally, Mizuho upped their target price on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Thirteen investment 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 company. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $143.95.

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.