EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 29.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,591 shares of the energy exploration company's stock after buying an additional 26,043 shares during the quarter. Illinois Municipal Retirement Fund's holdings in EOG Resources were worth $13,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Qube Research & Technologies Ltd increased its position in shares of EOG Resources by 863.4% in the third quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company's stock worth $139,445,000 after purchasing an additional 985,884 shares during the period. Ameriprise Financial Inc. increased its position in shares of EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company's stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in EOG Resources in the third quarter valued at about $71,596,000. Invesco Ltd. grew its position in EOG Resources by 15.2% in the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company's stock valued at $443,088,000 after acquiring an additional 460,872 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in EOG Resources by 38.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company's stock valued at $186,946,000 after acquiring an additional 408,833 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Susquehanna lifted their target price on EOG Resources from $147.00 to $155.00 and gave the company a "positive" rating in a research report on Monday. Morgan Stanley lifted their target price on EOG Resources from $132.00 to $133.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Piper Sandler boosted their price target on EOG Resources from $141.00 to $153.00 and gave the stock an "overweight" rating in a report on Friday. TD Securities reduced their price target on EOG Resources from $135.00 to $130.00 and set a "hold" rating on the stock in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. boosted their price target on EOG Resources from $134.00 to $141.00 and gave the stock a "neutral" rating in a report on Thursday, March 28th. Twelve equities 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.19.

EOG Resources Trading Up 0.7 %

EOG traded up $0.90 during trading on Tuesday, hitting $134.80. The company's stock had a trading volume of 2,055,284 shares, compared to its average volume of 3,393,632. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average price is $123.87 and its 200-day moving average price is $122.16. The firm has a market capitalization of $77.54 billion, a P/E ratio of 10.38 and a beta of 1.40.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 EPS. Analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.70%. EOG Resources's dividend payout ratio is 27.98%.

About EOG Resources

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.