Public Employees Retirement System of Ohio Sells 12,744 Shares of EOG Resources, Inc. (NYSE:EOG)

Public Employees Retirement System of Ohio reduced its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,962 shares of the energy exploration company's stock after selling 12,744 shares during the period. Public Employees Retirement System of Ohio's holdings in EOG Resources were worth $32,724,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Neo Ivy Capital Management boosted its holdings in shares of EOG Resources by 15,497.9% in the fourth quarter. Neo Ivy Capital Management now owns 22,461 shares of the energy exploration company's stock worth $2,753,000 after acquiring an additional 22,317 shares during the period. Vise Technologies Inc. boosted its stake in EOG Resources by 103.6% during the fourth quarter. Vise Technologies Inc. now owns 14,993 shares of the energy exploration company's stock valued at $1,838,000 after buying an additional 7,629 shares during the period. Inspire Trust Co. N.A. boosted its stake in EOG Resources by 13.2% during the fourth quarter. Inspire Trust Co. N.A. now owns 8,600 shares of the energy exploration company's stock valued at $1,054,000 after buying an additional 1,000 shares during the period. 10Elms LLP bought a new stake in EOG Resources during the fourth quarter valued at $44,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in EOG Resources by 13.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 108,886 shares of the energy exploration company's stock valued at $13,347,000 after buying an additional 12,997 shares during the period. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

EOG Resources Trading Up 0.9%

NYSE:EOG traded up $1.02 during mid-day trading on Tuesday, reaching $111.20. 2,475,129 shares of the company's stock traded hands, compared to its average volume of 3,287,803. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The firm has a market capitalization of $60.69 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a 50 day moving average price of $114.41 and a 200-day moving average price of $123.73.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The business's revenue for the quarter was down 7.4% on a year-over-year basis. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.51%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EOG. Susquehanna dropped their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Raymond James reissued a "strong-buy" rating on shares of EOG Resources in a research note on Tuesday, May 20th. Morgan Stanley lifted their price objective on EOG Resources from $131.00 to $132.00 and gave the company an "equal weight" rating in a research note on Friday. UBS Group dropped their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, Wall Street Zen lowered EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources has an average rating of "Moderate Buy" and a consensus target price of $139.79.

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.