New Mexico Educational Retirement Board Sells 1,000 Shares of EOG Resources Inc (EOG)

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New Mexico Educational Retirement Board lessened its holdings in EOG Resources Inc (NYSE:EOG) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,308 shares of the energy exploration company’s stock after selling 1,000 shares during the quarter. New Mexico Educational Retirement Board’s holdings in EOG Resources were worth $4,598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in EOG Resources by 7.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 95,547 shares of the energy exploration company’s stock worth $8,333,000 after acquiring an additional 6,689 shares during the last quarter. American International Group Inc. boosted its stake in EOG Resources by 5.7% during the 4th quarter. American International Group Inc. now owns 244,278 shares of the energy exploration company’s stock worth $21,303,000 after acquiring an additional 13,180 shares during the last quarter. Jag Capital Management LLC boosted its stake in EOG Resources by 1.0% during the 1st quarter. Jag Capital Management LLC now owns 21,464 shares of the energy exploration company’s stock worth $2,043,000 after acquiring an additional 223 shares during the last quarter. PFG Advisors bought a new position in EOG Resources during the 4th quarter worth approximately $1,274,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in EOG Resources by 41.9% during the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 62,964 shares of the energy exploration company’s stock worth $5,606,000 after acquiring an additional 18,584 shares during the last quarter. 87.89% of the stock is currently owned by institutional investors.

NYSE EOG opened at $102.35 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.36. EOG Resources Inc has a 12-month low of $82.04 and a 12-month high of $133.53. The company has a market capitalization of $59.37 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.10). EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business earned $0.69 earnings per share. EOG Resources’s revenue for the quarter was up 36.9% on a year-over-year basis. On average, analysts predict that EOG Resources Inc will post 4.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.

In other news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total value of $113,114.88. Following the sale, the director now directly owns 120,052 shares in the company, valued at $10,478,138.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Several research analysts recently weighed in on EOG shares. Raymond James set a $124.00 price objective on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Morgan Stanley set a $106.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research note on Tuesday, January 29th. Goldman Sachs Group lowered shares of EOG Resources to a “buy” rating in a research note on Friday, April 12th. Finally, Oppenheimer assumed coverage on shares of EOG Resources in a research note on Wednesday, March 27th. They issued an “outperform” rating and a $108.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $123.00.

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EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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