Strs Ohio Sells 16,667 Shares of EOG Resources, Inc. $EOG

Strs Ohio decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 11.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,828 shares of the energy exploration company’s stock after selling 16,667 shares during the period. Strs Ohio’s holdings in EOG Resources were worth $14,444,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EOG. First Trust Advisors LP grew its holdings in EOG Resources by 64.1% during the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after buying an additional 1,456,928 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of EOG Resources by 282.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock worth $184,924,000 after acquiring an additional 1,141,680 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of EOG Resources by 122.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock valued at $108,514,000 after acquiring an additional 499,610 shares during the last quarter. Invesco Ltd. grew its holdings in shares of EOG Resources by 7.0% in the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock valued at $537,588,000 after purchasing an additional 294,641 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in EOG Resources in the second quarter worth $33,874,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EOG has been the subject of several research reports. Scotiabank set a $123.00 price objective on shares of EOG Resources and gave the company a “sector perform” rating in a research report on Friday, January 16th. Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. dropped their price target on EOG Resources from $121.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Finally, Barclays lowered their price objective on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average target price of $134.67.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

EOG Resources Stock Up 1.8%

Shares of NYSE:EOG opened at $108.26 on Monday. The firm has a market capitalization of $58.74 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 9.00 and a beta of 0.49. The business has a 50 day simple moving average of $106.68 and a two-hundred day simple moving average of $112.08. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $135.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.EOG Resources’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.89 EPS. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is currently 40.64%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.