EOG Resources, Inc. (NYSE:EOG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 939,938 shares of the energy exploration company’s stock after selling 57,644 shares during the period. New York State Common Retirement Fund owned 0.16% of EOG Resources worth $119,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EOG. Truvestments Capital LLC acquired a new position in shares of EOG Resources during the 2nd quarter worth about $25,000. Fortis Capital Advisors LLC acquired a new stake in EOG Resources in the 4th quarter valued at about $28,000. Lumature Wealth Partners LLC acquired a new stake in EOG Resources in the 1st quarter valued at about $28,000. Peoples Bank KS acquired a new stake in EOG Resources in the 3rd quarter valued at about $31,000. Finally, Eagle Bay Advisors LLC acquired a new stake in EOG Resources in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $116.78 on Wednesday. EOG Resources, Inc. has a twelve month low of $98.52 and a twelve month high of $136.79. The firm’s fifty day simple moving average is $118.99 and its 200-day simple moving average is $124.81. The firm has a market capitalization of $68.10 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.33 and a beta of 1.41. The company has a current ratio of 2.43, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $3.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.49. EOG Resources had a net margin of 32.11% and a return on equity of 26.80%. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $5.91 billion. Equities analysts forecast that EOG Resources, Inc. will post 11.87 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be paid a dividend of $0.91 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Tuesday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 27.04%.

Analysts Set New Price Targets

EOG has been the subject of a number of recent research reports. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $147.00 to $140.00 in a report on Friday, January 5th. Stifel Nicolaus cut their price objective on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Susquehanna cut their price objective on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating for the company in a report on Friday, January 26th. Piper Sandler dropped their price target on shares of EOG Resources from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Finally, Raymond James dropped their price target on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

View Our Latest Research Report on EOG

EOG Resources Profile

(Free Report)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.

See Also

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

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