New York State Teachers Retirement System Sells 18,005 Shares of EOG Resources, Inc. (NYSE:EOG)

New York State Teachers Retirement System decreased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 475,826 shares of the energy exploration company's stock after selling 18,005 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of EOG Resources worth $61,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC grew its holdings in EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after acquiring an additional 2,792,092 shares in the last quarter. Capital World Investors raised its position 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 worth $5,628,497,000 after buying an additional 2,270,013 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in EOG Resources during the fourth quarter valued at approximately $171,193,000. GAMMA Investing LLC increased its stake in EOG Resources by 14,784.1% in the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock worth $164,323,000 after purchasing an additional 1,272,765 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 worth $2,230,014,000 after acquiring an additional 781,282 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research reports. Piper Sandler dropped their price objective on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Citigroup dropped their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Bank of America dropped their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, Raymond James Financial upped their price target on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a report on Monday, June 2nd. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.48.

EOG Resources Price Performance

EOG Resources stock traded up $1.50 during midday trading on Tuesday, hitting $121.11. 3,680,303 shares of the company's stock were exchanged, compared to its average volume of 3,397,618. The company has a market cap of $66.10 billion, a P/E ratio of 11.23, a PEG ratio of 9.71 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The stock has a 50-day moving average price of $114.91 and a two-hundred day moving average price of $121.23. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating 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 business had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same period last year, the business earned $2.82 earnings per share. The business's quarterly revenue was down 7.4% on a year-over-year basis. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. 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 3.37%. EOG Resources's dividend payout ratio is 36.18%.

EOG Resources 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.