Kentucky Retirement Systems Lowers Stake in EOG Resources, Inc. (NYSE:EOG)

Kentucky Retirement Systems lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,286 shares of the energy exploration company’s stock after selling 2,372 shares during the period. Kentucky Retirement Systems’ holdings in EOG Resources were worth $5,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. MUFG Securities EMEA plc acquired a new position in shares of EOG Resources during the 4th quarter worth about $5,443,000. TIAA Trust National Association raised its position in shares of EOG Resources by 639.3% during the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after purchasing an additional 49,840 shares during the last quarter. Dai ichi Life Insurance Company Ltd raised its position in shares of EOG Resources by 15.3% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after purchasing an additional 6,154 shares during the last quarter. L. Roy Papp & Associates LLP raised its position in shares of EOG Resources by 18.3% during the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after purchasing an additional 26,026 shares during the last quarter. Finally, AIA Group Ltd raised its position in shares of EOG Resources by 128.0% during the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after purchasing an additional 5,728 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of several research analyst reports. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Scotiabank decreased their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Bank of America reissued a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a research note on Friday, June 14th. Wolfe Research assumed coverage on shares of EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Fifteen research 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 MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $143.20.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were 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 $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were 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 $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. 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. Insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.1 %

EOG Resources stock traded up $0.11 during trading on Friday, hitting $127.15. The company had a trading volume of 2,214,477 shares, compared to its average volume of 2,510,345. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The company’s 50 day simple moving average is $124.73 and its 200-day simple moving average is $123.34. The stock has a market cap of $73.07 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.86%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

EOG Resources 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.