New York State Teachers Retirement System Sells 3,931 Shares of EOG Resources, Inc. $EOG

New York State Teachers Retirement System decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 471,305 shares of the energy exploration company’s stock after selling 3,931 shares during the period. New York State Teachers Retirement System’s holdings in EOG Resources were worth $49,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EOG. Sivia Capital Partners LLC acquired a new position in EOG Resources in the 2nd quarter valued at about $258,000. Quantbot Technologies LP bought a new stake in shares of EOG Resources during the second quarter worth approximately $349,000. Gamco Investors INC. ET AL grew its position in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after purchasing an additional 4,485 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the period. Finally, Sei Investments Co. lifted its holdings in EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG opened at $139.09 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The firm has a market cap of $74.51 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.76 and a beta of 0.32. The business’s fifty day moving average is $134.92 and its 200-day moving average is $117.61.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.74 earnings per share. Sell-side analysts expect that EOG Resources, Inc. will post 14.68 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 16th. EOG Resources’s dividend payout ratio is 44.79%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EOG. Williams Trading set a $177.00 price objective on EOG Resources in a research report on Monday, April 20th. Truist Financial started coverage on shares of EOG Resources in a research note on Tuesday, March 24th. They issued a “hold” rating and a $146.00 price target on the stock. Jefferies Financial Group lifted their price objective on shares of EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Scotiabank increased their target price on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Mizuho raised their target price on shares of EOG Resources from $146.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $153.68.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.