New York State Common Retirement Fund Has $85.27 Million Stock Position in EOG Resources, Inc. $EOG

New York State Common Retirement Fund lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 712,882 shares of the energy exploration company’s stock after selling 27,773 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of EOG Resources worth $85,268,000 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. StrongBox Wealth LLC raised its holdings in EOG Resources by 1.9% during the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after buying an additional 88 shares in the last quarter. ORG Partners LLC lifted its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares during the last quarter. Ameriflex Group Inc. boosted its holdings in shares of EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after buying an additional 91 shares during the period. Granite Harbor Advisors Inc. raised its holdings in EOG Resources by 3.2% in the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock worth $389,000 after acquiring an additional 94 shares during the period. Finally, Richardson Financial Services Inc. boosted its holdings in EOG Resources by 2.0% during the second quarter. Richardson Financial Services Inc. now owns 5,032 shares of the energy exploration company’s stock valued at $610,000 after acquiring an additional 98 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 1.3%

EOG stock opened at $107.58 on Friday. The business has a fifty day moving average price of $108.74 and a 200 day moving average price of $115.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock has a market capitalization of $58.37 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the business earned $2.89 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. EOG Resources’s payout ratio is currently 40.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EOG shares. Sanford C. Bernstein cut their price objective on EOG Resources from $146.00 to $144.00 and set a “market perform” rating for the company in a research report on Friday, November 21st. Piper Sandler lowered their target price on EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Jefferies Financial Group set a $145.00 price target on EOG Resources in a report on Sunday, October 12th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Finally, Siebert Williams Shank lowered their price objective on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $140.33.

EOG Resources Company 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.