Teacher Retirement System of Texas Decreases Position in EOG Resources, Inc. $EOG

Teacher Retirement System of Texas lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 49.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,948 shares of the energy exploration company’s stock after selling 106,562 shares during the period. Teacher Retirement System of Texas’ holdings in EOG Resources were worth $13,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in EOG Resources by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after buying an additional 348,895 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Northern Trust Corp lifted its position in shares of EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock worth $779,433,000 after purchasing an additional 358,916 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock worth $757,808,000 after purchasing an additional 223,294 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock worth $709,201,000 after purchasing an additional 60,454 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.9%

NYSE EOG opened at $105.87 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The firm has a market cap of $57.80 billion, a PE ratio of 10.29, a P/E/G ratio of 8.25 and a beta of 0.74. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm’s fifty day moving average is $114.94 and its two-hundred day moving average is $115.81.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.16 earnings per share. Analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group set a $145.00 price target on shares of EOG Resources in a research report on Sunday, October 12th. Mizuho reduced their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Susquehanna boosted their price target on shares of EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Raymond James Financial boosted their price target on shares of EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada boosted their price target on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.76.

EOG Resources Company Profile

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.