Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stake in EOG Resources, Inc. $EOG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in EOG Resources, Inc. (NYSE:EOG) by 3.7% during the fourth quarter, HoldingsChannel reports. The firm owned 126,211 shares of the energy exploration company’s stock after selling 4,902 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in EOG Resources were worth $13,253,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EOG. Sivia Capital Partners LLC bought a new position in shares of EOG Resources in the second quarter worth about $258,000. Quantbot Technologies LP bought a new position in shares of EOG Resources in the second quarter worth about $349,000. Gamco Investors INC. ET AL grew its holdings in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 12,456 shares of company stock valued at $1,788,033. Insiders own 0.14% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $136.40 on Tuesday. The firm has a market capitalization of $72.65 billion, a PE ratio of 13.43 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company’s fifty day moving average price is $137.96 and its 200-day moving average price is $122.05.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the business posted $2.87 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts predict that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Wall Street Analyst Weigh In

EOG has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on shares of EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Barclays increased their target price on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. BMO Capital Markets increased their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Zacks Research cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley increased their target price on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $156.39.

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.