Teachers Retirement System of The State of Kentucky Has $15.50 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 121,207 shares of the energy exploration company’s stock after selling 4,495 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in EOG Resources were worth $15,495,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Cetera Advisors LLC increased its holdings in shares of EOG Resources by 79.8% during the 1st quarter. Cetera Advisors LLC now owns 26,492 shares of the energy exploration company’s stock valued at $3,387,000 after acquiring an additional 11,761 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of EOG Resources by 218.2% during the 1st quarter. Cetera Investment Advisers now owns 100,558 shares of the energy exploration company’s stock valued at $12,855,000 after acquiring an additional 68,953 shares during the last quarter. Atria Investments Inc increased its holdings in shares of EOG Resources by 3.0% during the 1st quarter. Atria Investments Inc now owns 41,940 shares of the energy exploration company’s stock valued at $5,362,000 after acquiring an additional 1,232 shares during the last quarter. Swedbank AB acquired a new position in shares of EOG Resources during the 1st quarter valued at about $387,000. Finally, Sanibel Captiva Trust Company Inc. grew its holdings in EOG Resources by 10.3% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 3,125 shares of the energy exploration company’s stock valued at $400,000 after buying an additional 291 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. Piper Sandler raised their target price on EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. TD Cowen raised their target price on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, KeyCorp assumed coverage on EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price on the stock. Fifteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price target of $143.20.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources 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 completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’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 sale, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’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 sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is currently owned by insiders.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $0.19 during midday trading on Friday, hitting $122.92. 6,668,943 shares of the company were exchanged, compared to its average volume of 2,636,904. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The firm has a market cap of $70.64 billion, a P/E ratio of 9.70, a PEG ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The firm has a 50 day simple moving average of $124.57 and a 200-day simple moving average of $123.61.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter in the previous year, the company posted $2.49 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts forecast that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.96%. EOG Resources’s payout ratio is 28.75%.

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.