EOG Resources, Inc. (NYSE:EOG) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 41.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,510 shares of the energy exploration company's stock after selling 152,020 shares during the period. Teacher Retirement System of Texas' holdings in EOG Resources were worth $27,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in EOG. Lee Danner & Bass Inc. bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $28,000. Heritage Wealth Advisors raised its stake in shares of EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of EOG Resources during the first quarter valued at approximately $34,000. Ameriflex Group Inc. bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $36,000. Finally, 10Elms LLP bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $44,000. Institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EOG shares. Bank of America decreased their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Mizuho decreased their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. UBS Group reissued a "buy" rating and set a $140.00 price objective (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Finally, Raymond James Financial lifted their price objective on shares of 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources currently has an average rating of "Moderate Buy" and an average price target of $139.48.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG traded down $3.38 during trading hours on Monday, reaching $119.77. 3,691,877 shares of the company traded hands, compared to its average volume of 3,405,811. The stock has a market capitalization of $65.37 billion, a P/E ratio of 11.11, a P/E/G ratio of 9.94 and a beta of 0.76. 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, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The business has a fifty day moving average price of $115.89 and a 200-day moving average price of $121.29.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 earnings per share. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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 given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.41%. EOG Resources's payout ratio is currently 36.18%.

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.