EOG Resources, Inc. $EOG Holdings Lessened by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 7.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 211,695 shares of the energy exploration company’s stock after selling 17,182 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in EOG Resources were worth $29,163,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Patrick M Sweeney & Associates Inc. boosted its position in shares of EOG Resources by 3.6% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 1,895 shares of the energy exploration company’s stock worth $261,000 after acquiring an additional 65 shares during the last quarter. Keybank National Association OH increased its holdings in EOG Resources by 0.3% in the 3rd quarter. Keybank National Association OH now owns 22,312 shares of the energy exploration company’s stock valued at $3,074,000 after acquiring an additional 69 shares during the last quarter. Summitry LLC increased its holdings in EOG Resources by 1.5% in the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 73 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its holdings in EOG Resources by 4.8% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 1,661 shares of the energy exploration company’s stock valued at $229,000 after acquiring an additional 76 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its stake in EOG Resources by 2.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,762 shares of the energy exploration company’s stock worth $381,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EOG. The Goldman Sachs Group reissued a “neutral” rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Scotiabank started coverage on EOG Resources in a report on Wednesday, October 14th. They issued a “sector perform” rating and a $144.00 target price on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $193.00 target price (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Finally, Freedom Capital downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $162.32.

EOG Resources Price Performance

EOG Resources stock opened at $151.61 on Wednesday. The company has a market cap of $79.53 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.52 and a beta of 0.27. The firm’s fifty day moving average is $149.54 and its 200 day moving average is $138.26. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.24. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $165.93.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 5th. The energy exploration company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.45 by $0.42. EOG Resources had a net margin of 27.54% and a return on equity of 26.32%. The business had revenue of $8.55 billion during the quarter, compared to analyst estimates of $7.26 billion. During the same quarter last year, the business earned $2.71 earnings per share. EOG Resources’s quarterly revenue was up 46.2% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 17.72 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, January 15th. This represents a $4.40 annualized dividend and a dividend yield of 2.9%. This is a positive change from EOG Resources’s previous quarterly dividend of $1.02. EOG Resources’s dividend payout ratio is currently 28.42%.

Insider Activity

In related news, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Donaldson sold 7,336 shares of EOG Resources stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president owned 100,558 shares of the company’s stock, valued at approximately $14,882,584. This represents a 6.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Company Profile

EOG Resources is an independent energy company focused on exploring for, developing and producing crude oil, natural gas and natural gas liquids. Its operations include drilling and managing wells, with a focus on resources in shale and other tight-rock formations. The company’s activities are concentrated in the United States, including major producing regions such as the Permian Basin and Eagle Ford. EOG also has international operations, including in Trinidad and Tobago and the United Arab Emirates.