Illinois Municipal Retirement Fund reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134,610 shares of the energy exploration company's stock after selling 15,551 shares during the quarter. Illinois Municipal Retirement Fund's holdings in EOG Resources were worth $17,262,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Capital World Investors boosted its stake in shares of EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after buying an additional 2,270,013 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after acquiring an additional 781,282 shares during the last quarter. Geode Capital Management LLC boosted its stake in EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock valued at $1,541,282,000 after acquiring an additional 234,067 shares during the last quarter. Northern Trust Corp grew its holdings in EOG Resources by 2.9% during the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock worth $701,036,000 after acquiring an additional 159,216 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in EOG Resources by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock worth $696,990,000 after acquiring an additional 365,115 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
EOG Resources Trading Up 1.0%
EOG Resources stock opened at $121.06 on Friday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a market capitalization of $66.07 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 9.63 and a beta of 0.74. The firm has a 50-day moving average price of $114.49 and a two-hundred day moving average price of $121.40. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12.
EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the previous year, the firm earned $2.82 EPS. EOG Resources's revenue was down 7.4% on a year-over-year basis. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.
EOG Resources Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.37%. This is an increase 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 36.18%.
Insiders Place Their Bets
In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on EOG shares. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Piper Sandler decreased their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial raised their price objective on shares of EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a report on Monday, June 2nd. Mizuho decreased their price objective on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Stephens began coverage on shares of EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.48.
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About EOG Resources
(
Free Report)
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.
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