California Public Employees Retirement System Sells 177,812 Shares of EOG Resources, Inc. $EOG

California Public Employees Retirement System cut its position in EOG Resources, Inc. (NYSE:EOG) by 9.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,676,486 shares of the energy exploration company’s stock after selling 177,812 shares during the quarter. California Public Employees Retirement System owned about 0.31% of EOG Resources worth $200,524,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Saudi Central Bank bought a new position in EOG Resources during the first quarter worth about $28,000. Raleigh Capital Management Inc. purchased a new position in shares of EOG Resources in the second quarter worth about $29,000. ORG Partners LLC raised its position in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares during the period. Finally, Keener Financial Planning LLC purchased a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Johnson Rice lowered their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a report on Friday. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. UBS Group increased their price objective on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Raymond James Financial restated a “strong-buy” rating and issued a $153.00 target price on shares of EOG Resources in a research note on Wednesday. Finally, Mizuho reduced their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $139.86.

EOG Resources Price Performance

NYSE:EOG opened at $112.19 on Monday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a fifty day moving average of $108.18 and a 200 day moving average of $115.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The firm has a market capitalization of $60.87 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 8.47 and a beta of 0.49.

EOG Resources (NYSE:EOG) last announced its earnings results 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 19.80% and a net margin of 24.49%.The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the company earned $2.89 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.6%. EOG Resources’s payout ratio is presently 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.