New York State Common Retirement Fund Cuts Stock Position in EOG Resources, Inc. (NYSE:EOG)

New York State Common Retirement Fund trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 781,155 shares of the energy exploration company’s stock after selling 50,768 shares during the period. New York State Common Retirement Fund’s holdings in EOG Resources were worth $96,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new stake in shares of EOG Resources during the third quarter valued at approximately $26,000. Riverview Trust Co purchased a new stake in EOG Resources during the 2nd quarter worth $27,000. MFA Wealth Advisors LLC acquired a new position in EOG Resources in the 2nd quarter worth $28,000. Eastern Bank purchased a new position in EOG Resources in the 3rd quarter valued at about $28,000. Finally, Gladius Capital Management LP acquired a new stake in shares of EOG Resources during the second quarter valued at about $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent analyst reports. Piper Sandler cut their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. KeyCorp reduced their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Susquehanna dropped their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, Evercore ISI dropped their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $141.20.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $120.84 on Friday. The company has a 50-day moving average price of $125.46 and a two-hundred day moving average price of $126.30. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The stock has a market cap of $68.71 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 3.17 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

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, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 11.59 EPS for the current year.

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.