California State Teachers Retirement System Sells 38,534 Shares of EOG Resources, Inc. (NYSE:EOG)

California State Teachers Retirement System lowered its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 676,097 shares of the energy exploration company's stock after selling 38,534 shares during the quarter. California State Teachers Retirement System owned 0.12% of EOG Resources worth $82,876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Financial Life Planners acquired a new position in shares of EOG Resources in the 4th quarter worth $25,000. Y.D. More Investments Ltd boosted its position in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources in the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources during the fourth quarter valued at about $27,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Benchmark reissued a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Piper Sandler cut their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their price target for the company from $150.00 to $130.00 in a report on Friday, April 11th. Susquehanna reduced their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their target price on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Eleven 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 "Moderate Buy" and an average price target of $141.11.

EOG Resources Stock Up 1.1 %

Shares of EOG traded up $1.26 during mid-day trading on Thursday, hitting $111.59. 4,603,672 shares of the company's stock were exchanged, compared to its average volume of 3,243,298. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a fifty day moving average of $119.19 and a two-hundred day moving average of $125.37. The stock has a market cap of $61.55 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.49%. EOG Resources's dividend payout ratio (DPR) is currently 34.73%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

About EOG Resources

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.