EOG Resources, Inc. (NYSE:EOG) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 57.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,101 shares of the energy exploration company's stock after selling 57,784 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in EOG Resources were worth $5,161,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Financial Life Planners purchased a new stake in shares of EOG Resources in the fourth quarter worth about $25,000. Y.D. More Investments Ltd increased its holdings in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources in the 4th quarter valued at $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the 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 sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Up 0.3 %

NYSE EOG traded up $0.31 during trading hours on Monday, hitting $113.38. 396,046 shares of the company were exchanged, compared to its average volume of 3,638,149. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $62.53 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 3.58 and a beta of 0.93. The company has a 50 day moving average of $120.51 and a two-hundred day moving average of $125.69.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is currently 34.73%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EOG shares. Piper Sandler dropped their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Susquehanna reduced their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. UBS Group dropped their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company lowered their price target on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Truist Financial lifted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of "Hold" and an average target price of $141.25.

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.