California State Teachers Retirement System Cuts Stock Position in EOG Resources, Inc. (NYSE:EOG)

California State Teachers Retirement System cut its stake in EOG Resources, Inc. (NYSE:EOG) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 800,916 shares of the energy exploration company’s stock after selling 29,441 shares during the period. California State Teachers Retirement System owned 0.14% of EOG Resources worth $102,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sachetta LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at about $33,000. Norwood Financial Corp acquired a new position in EOG Resources in the 1st quarter valued at $37,000. Keener Financial Planning LLC acquired a new position in EOG Resources during the fourth quarter worth about $36,000. LifeSteps Financial Inc. acquired a new position in EOG Resources during the first quarter worth $38,000. Finally, GoalVest Advisory LLC increased its position in EOG Resources by 135.4% during the first quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock worth $39,000 after purchasing an additional 176 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG Resources stock traded up $0.65 during mid-day trading on Wednesday, reaching $126.80. 3,174,057 shares of the company were exchanged, compared to its average volume of 3,176,809. The firm’s 50-day simple moving average is $124.59 and its two-hundred day simple moving average is $123.54. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market cap of $72.87 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 2.19 and a beta of 1.30.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 earnings per share. Equities analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.87%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Analyst Ratings Changes

EOG has been the topic of several recent analyst reports. Susquehanna upped their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Wolfe Research initiated coverage on EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Piper Sandler lifted their target price on EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Finally, Morgan Stanley raised their target price on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Fifteen equities research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $143.20.

Insider Activity at EOG Resources

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the transaction, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares in the company, valued at $14,206,821.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. Insiders own 0.30% of the company’s stock.

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.