New York State Common Retirement Fund Has $94.98 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

New York State Common Retirement Fund trimmed its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 740,655 shares of the energy exploration company's stock after selling 42,300 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of EOG Resources worth $94,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Bank Pictet & Cie Europe AG boosted its position in EOG Resources by 56.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after purchasing an additional 89,521 shares during the period. Proficio Capital Partners LLC acquired a new position in EOG Resources during the 4th quarter valued at approximately $492,000. Frank Rimerman Advisors LLC boosted its position in EOG Resources by 23.9% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,411 shares of the energy exploration company's stock valued at $418,000 after purchasing an additional 657 shares during the period. Natixis Advisors LLC boosted its position in EOG Resources by 13.0% during the 4th quarter. Natixis Advisors LLC now owns 498,189 shares of the energy exploration company's stock valued at $61,068,000 after purchasing an additional 57,181 shares during the period. Finally, Choate Investment Advisors boosted its position in EOG Resources by 13.8% during the 4th quarter. Choate Investment Advisors now owns 70,283 shares of the energy exploration company's stock valued at $8,615,000 after purchasing an additional 8,511 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of analyst reports. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price objective for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Barclays boosted their price target on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Mizuho reduced their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Finally, UBS Group reiterated a "buy" rating and set a $140.00 price target (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $139.14.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

EOG Resources Trading Down 0.3%

Shares of EOG Resources stock traded down $0.33 on Thursday, reaching $118.48. 2,795,606 shares of the company were exchanged, compared to its average volume of 3,417,138. The stock has a fifty day moving average price of $117.69 and a 200-day moving average price of $121.32. The firm has a market capitalization of $64.66 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 9.53 and a beta of 0.76. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.82 earnings per share. On average, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.44%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is presently 36.18%.

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.