EOG Resources, Inc. $EOG Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 624,048 shares of the energy exploration company's stock after selling 3,013 shares during the quarter. California State Teachers Retirement System owned 0.12% of EOG Resources worth $80,957,747 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Summitry LLC grew its position in shares of EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company's stock worth $699,000 after buying an additional 73 shares during the period. Twin Capital Management Inc. grew its position in shares of EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company's stock valued at $3,467,000 after purchasing an additional 79 shares in the last quarter. Sax Wealth Advisors LLC lifted its position in shares of EOG Resources by 2.8% in the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company's stock worth $377,000 after purchasing an additional 79 shares during the period. Paladin Wealth LLC increased its position in EOG Resources by 5.3% during the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company's stock valued at $207,000 after acquiring an additional 80 shares during the last quarter. Finally, Hardy Reed LLC raised its position in shares of EOG Resources by 3.8% during the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company's stock valued at $325,000 after buying an additional 82 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group reaffirmed a "buy" rating and set a $183.00 target price (up from $158.00) on shares of EOG Resources in a report on Monday. Citigroup restated a "neutral" rating and issued a $150.00 price target (up from $141.00) on shares of EOG Resources in a research report on Thursday, August 27th. Jefferies Financial Group reiterated a "buy" rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Wall Street Zen lowered EOG Resources from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Truist Financial lifted their price target on EOG Resources from $134.00 to $153.00 and gave the stock a "hold" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $158.00.

Insider Activity

In related news, CEO Ezra Yacob sold 35,942 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company's stock, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Donaldson sold 7,336 shares of the company's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the sale, the executive vice president owned 100,558 shares of the company's stock, valued at $14,882,584. This represents a 6.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.14% of the company's stock.

EOG Resources Trading Up 3.8%

Shares of EOG stock traded up $5.61 during trading hours on Tuesday, hitting $154.15. The company had a trading volume of 1,809,295 shares, compared to its average volume of 4,151,113. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The company's fifty day moving average is $143.48 and its 200 day moving average is $138.38. The stock has a market capitalization of $80.86 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.55 and a beta of 0.26. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $154.13.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the prior year, the company posted $2.32 EPS. The business's revenue for the quarter was up 57.4% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 16.75 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.6%. EOG Resources's dividend payout ratio is 31.75%.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company's principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.

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