Public Employees Retirement System of Ohio Sells 20,474 Shares of EOG Resources, Inc. (NYSE:EOG)

Public Employees Retirement System of Ohio decreased its position in EOG Resources, Inc. (NYSE:EOG) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 297,790 shares of the energy exploration company’s stock after selling 20,474 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of EOG Resources worth $38,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EOG. Capital World Investors raised its stake in shares of EOG Resources by 59.2% in the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of EOG Resources by 26.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after purchasing an additional 1,029,727 shares during the period. Capital International Investors raised its stake in shares of EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares during the period. Capital Research Global Investors raised its stake in shares of EOG Resources by 1.3% in the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of EOG Resources by 67.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock valued at $107,856,000 after purchasing an additional 339,480 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG stock traded down $2.36 during trading hours on Monday, reaching $124.79. The company’s stock had a trading volume of 1,449,795 shares, compared to its average volume of 3,175,907. The firm’s 50 day simple moving average is $124.73 and its 200-day simple moving average is $123.40. The company has a market capitalization of $71.72 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 2.22 and a beta of 1.30. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Insider Activity

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares in the company, valued at approximately $20,987,669.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,512 shares of company stock worth $2,144,972. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on EOG shares. Wolfe Research assumed coverage on EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. TD Cowen lifted their target price on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Bank of America reaffirmed a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. Citigroup lifted their target price on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Finally, Scotiabank lowered their target price on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Fifteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and a consensus price target of $143.20.

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.