EOG Resources, Inc. (NYSE:EOG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 868,061 shares of the energy exploration company’s stock after selling 71,877 shares during the quarter. New York State Common Retirement Fund owned 0.15% of EOG Resources worth $104,992,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Qube Research & Technologies Ltd lifted its stake in shares of EOG Resources by 863.4% in the third quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after acquiring an additional 985,884 shares in the last quarter. Ameriprise Financial Inc. raised its stake in EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after buying an additional 892,951 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in EOG Resources during the third quarter valued at approximately $71,596,000. Invesco Ltd. raised its stake in EOG Resources by 15.2% during the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock valued at $443,088,000 after buying an additional 460,872 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in EOG Resources by 38.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock valued at $186,946,000 after buying an additional 408,833 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research reports. TD Securities cut their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. KeyCorp upped their price objective on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday. Mizuho upped their price objective on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Citigroup upped their target price on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Finally, Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $142.33.

EOG Resources Price Performance

NYSE EOG traded up $0.75 on Tuesday, reaching $134.65. 577,686 shares of the stock traded hands, compared to its average volume of 3,374,178. The firm’s fifty day simple moving average is $123.87 and its 200 day simple moving average is $122.16. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The company has a market cap of $77.45 billion, a price-to-earnings ratio of 10.29 and a beta of 1.40. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the business posted $3.30 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, research analysts predict that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.70%. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

EOG Resources 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.