EOG Resources, Inc. $EOG Stake Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 682,374 shares of the energy exploration company’s stock after selling 30,508 shares during the quarter. New York State Common Retirement Fund’s holdings in EOG Resources were worth $76,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 219 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources in the second quarter worth approximately $29,000. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources during the third quarter worth approximately $32,000. Keener Financial Planning LLC purchased a new position in EOG Resources during the second quarter valued at approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in EOG Resources during the second quarter valued at approximately $35,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $112.15 on Friday. The business’s 50-day simple moving average is $106.82 and its 200-day simple moving average is $111.88. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $135.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The firm has a market cap of $60.85 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 9.59 and a beta of 0.49.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the company posted $2.89 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.6%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Analysts Set New Price Targets

EOG has been the subject of a number of research analyst reports. Evercore ISI increased their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. BMO Capital Markets cut their price objective on EOG Resources from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Morgan Stanley set a $128.00 target price on EOG Resources and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Roth Mkm dropped their target price on EOG Resources from $114.00 to $108.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $134.07.

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.