State of Michigan Retirement System Has $20.42 Million Stake in EOG Resources, Inc. (NYSE:EOG)

State of Michigan Retirement System lifted its position in EOG Resources, Inc. (NYSE:EOG) by 0.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,752 shares of the energy exploration company’s stock after buying an additional 100 shares during the quarter. State of Michigan Retirement System’s holdings in EOG Resources were worth $20,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Woodmont Investment Counsel LLC acquired a new position in EOG Resources in the 1st quarter valued at approximately $409,000. Allspring Global Investments Holdings LLC boosted its stake in EOG Resources by 7.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,752,289 shares of the energy exploration company’s stock worth $351,853,000 after purchasing an additional 199,776 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in EOG Resources by 44.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,687 shares of the energy exploration company’s stock worth $471,000 after acquiring an additional 1,128 shares during the last quarter. Claro Advisors LLC raised its position in EOG Resources by 7.5% in the 1st quarter. Claro Advisors LLC now owns 6,424 shares of the energy exploration company’s stock worth $821,000 after purchasing an additional 449 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in EOG Resources by 8.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 5,510 shares of the energy exploration company’s stock worth $704,000 after buying an additional 423 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Activity

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares in the company, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock worth $2,144,972 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of recent research reports. Bank of America restated a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. Morgan Stanley upped their target price on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Mizuho increased their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Susquehanna upped their target price on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $143.19.

EOG Resources Stock Up 0.1 %

NYSE:EOG opened at $126.65 on Wednesday. The stock has a 50-day simple moving average of $126.13 and a 200 day simple moving average of $122.49. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a market cap of $72.79 billion, a PE ratio of 10.00, a PEG ratio of 1.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results 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 analysts’ expectations of $5.91 billion. During the same period last year, the business earned $2.69 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources, Inc. will post 12.06 EPS 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 dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. EOG Resources’s dividend payout ratio is 28.75%.

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.