South Dakota Investment Council Reduces Position in EOG Resources, Inc. $EOG

South Dakota Investment Council lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,295 shares of the energy exploration company’s stock after selling 9,540 shares during the period. South Dakota Investment Council’s holdings in EOG Resources were worth $17,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EOG. Hemington Wealth Management grew its position in EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after acquiring an additional 93 shares during the last quarter. apricus wealth LLC lifted its position in shares of EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock worth $224,000 after purchasing an additional 95 shares during the last quarter. Sowell Financial Services LLC boosted its stake in shares of EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 96 shares during the period. Hardy Reed LLC grew its holdings in shares of EOG Resources by 4.5% in the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after purchasing an additional 97 shares during the last quarter. Finally, RKL Wealth Management LLC increased its stake in EOG Resources by 0.5% in the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock worth $2,381,000 after buying an additional 98 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $138.00 target price on shares of EOG Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Piper Sandler set a $123.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. UBS Group restated a “buy” rating and set a $141.00 price objective (down from $144.00) on shares of EOG Resources in a report on Friday, December 12th. BMO Capital Markets lowered their target price on EOG Resources from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $127.00 price target (up from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average price target of $134.81.

EOG Resources Trading Up 3.6%

EOG opened at $128.53 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a market cap of $68.95 billion, a price-to-earnings ratio of 14.11 and a beta of 0.44. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $130.52. The stock has a fifty day moving average price of $111.71 and a 200-day moving average price of $111.75.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 earnings per share. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.2%. EOG Resources’s payout ratio is presently 44.79%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

EOG Resources Company 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.