New York State Teachers Retirement System Cuts Holdings in EOG Resources, Inc. (NYSE:EOG)

New York State Teachers Retirement System lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 475,826 shares of the energy exploration company's stock after selling 18,005 shares during the period. New York State Teachers Retirement System owned 0.09% of EOG Resources worth $61,020,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EOG. 1ST Source Bank raised its holdings in shares of EOG Resources by 1.5% in the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after buying an additional 80 shares during the last quarter. Penobscot Investment Management Company Inc. raised its stake in EOG Resources by 2.0% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after acquiring an additional 80 shares during the last quarter. TD Private Client Wealth LLC lifted its position in EOG Resources by 1.4% during the 4th quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock worth $709,000 after acquiring an additional 81 shares during the period. NBT Bank N A NY grew its stake in shares of EOG Resources by 3.9% in the 4th quarter. NBT Bank N A NY now owns 2,411 shares of the energy exploration company's stock valued at $296,000 after purchasing an additional 90 shares during the last quarter. Finally, Hancock Whitney Corp grew its stake in shares of EOG Resources by 5.7% in the 4th quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Up 1.3%

Shares of EOG Resources stock traded up $1.63 during mid-day trading on Friday, hitting $124.51. 1,437,151 shares of the stock were exchanged, compared to its average volume of 3,404,460. The company has a 50-day simple moving average of $115.55 and a 200 day simple moving average of $121.24. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $67.95 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 9.94 and a beta of 0.76. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

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

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a $1.02 dividend. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio is presently 36.18%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a "buy" rating and set a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. UBS Group restated a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Piper Sandler lowered their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a $145.00 price target on shares of EOG Resources in a report on Friday, June 20th. Finally, Bank of America reduced their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources currently has an average rating of "Moderate Buy" and a consensus target price of $139.48.

EOG Resources Company Profile

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.