California Public Employees Retirement System Sells 21,470 Shares of EOG Resources, Inc. (NYSE:EOG)

California Public Employees Retirement System lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,124,506 shares of the energy exploration company’s stock after selling 21,470 shares during the period. California Public Employees Retirement System’s holdings in EOG Resources were worth $136,009,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Arkadios Wealth Advisors bought a new position in EOG Resources during the third quarter worth about $212,000. Royal Fund Management LLC grew its holdings in EOG Resources by 59.7% during the third quarter. Royal Fund Management LLC now owns 7,224 shares of the energy exploration company’s stock worth $916,000 after purchasing an additional 2,700 shares during the period. Private Trust Co. NA grew its holdings in EOG Resources by 36.8% during the third quarter. Private Trust Co. NA now owns 2,768 shares of the energy exploration company’s stock worth $351,000 after purchasing an additional 745 shares during the period. Richelieu Gestion SA acquired a new stake in EOG Resources during the third quarter worth approximately $127,000. Finally, Marion Wealth Management lifted its position in EOG Resources by 1.3% during the third quarter. Marion Wealth Management now owns 10,460 shares of the energy exploration company’s stock worth $1,326,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Securities cut their price objective on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Susquehanna raised their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research report on Monday. Piper Sandler lifted their price target on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $147.00 to $140.00 in a research report on Friday, January 5th. Finally, Truist Financial dropped their price target on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $142.19.

EOG Resources Price Performance

EOG stock opened at $134.80 on Wednesday. The firm has a market cap of $77.54 billion, a price-to-earnings ratio of 10.36 and a beta of 1.40. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The company’s fifty day simple moving average is $124.34 and its 200 day simple moving average is $122.26.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 EPS. On average, analysts expect that EOG Resources, Inc. will post 12.15 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.70%. EOG Resources’s payout ratio is 27.98%.

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.