Maryland State Retirement & Pension System Has $3.72 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Maryland State Retirement & Pension System trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 7.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,377 shares of the energy exploration company’s stock after selling 2,521 shares during the period. Maryland State Retirement & Pension System’s holdings in EOG Resources were worth $3,724,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Y.D. More Investments Ltd raised its holdings in shares of 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 during the last quarter. Mainstream Capital Management LLC bought a new position in EOG Resources in the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the 4th quarter valued at $27,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG opened at $125.02 on Thursday. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week high of $139.67. The stock’s 50-day simple moving average is $129.32 and its 200 day simple moving average is $127.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $69.25 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.12%. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. Wells Fargo & Company decreased their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Benchmark restated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial increased their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Raymond James boosted their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

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.