Illinois Municipal Retirement Fund Grows Stock Position in EOG Resources, Inc. $EOG

Illinois Municipal Retirement Fund boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 51.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,909 shares of the energy exploration company’s stock after purchasing an additional 69,299 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in EOG Resources were worth $24,390,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources during the first quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its holdings in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of EOG Resources in the 1st quarter valued at approximately $28,000. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $29,000. Finally, ORG Partners LLC grew its stake in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group cut their price target on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Wolfe Research lowered their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Melius initiated coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective on the stock. Scotiabank restated a “sector perform” rating and issued a $130.00 target price on shares of EOG Resources in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus target price of $140.76.

EOG Resources Stock Performance

NYSE EOG opened at $105.19 on Monday. The firm has a market cap of $57.44 billion, a P/E ratio of 10.22, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The business’s 50-day moving average price is $112.35 and its 200 day moving average price is $115.62. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the firm earned $2.89 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts expect 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 Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is currently 40.64%.

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.