New Mexico Educational Retirement Board lowered its stake in shares of EOG Resources, Inc. (NYSE: EOG – Get Rating) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,058 shares of the energy exploration company stock after selling 1,600 shares during the period. New Mexico Educational Retirement Board’s holdings in EOG Resources were worth $ 4,061,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Trust Investment Advisors boosted its stake in shares of EOG Resources by 1.9% during the 4th quarter. Trust Investment Advisors now owns 5,201 shares of the energy exploration company stock worth $ 462,000 after acquiring an additional 98 shares in the last quarter. West Oak Capital LLC lifted its position in shares of EOG Resources by 4.0% during the 4th quarter. West Oak Capital LLC now owns 2,611 shares of the energy exploration company stock worth $ 232,000 after purchasing an additional 100 shares during the last quarter. JW Cole Advisors Inc. lifted its position in shares of EOG Resources by 1.2% during the 4th quarter. JW Cole Advisors Inc. now owns 8,547 shares of the energy exploration company stock worth $ 759,000 after purchasing an additional 101 shares during the last quarter. Shaker Investments LLC OH lifted its position in shares of EOG Resources by 0.7% during the 4th quarter. Shaker Investments LLC OH now owns 13,890 shares of the energy exploration company stock worth $ 1,234,000 after purchasing an additional 103 shares during the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of EOG Resources by 2.0% during the 4th quarter. Alps Advisors Inc. now owns 5,334 shares of the energy exploration company stock worth $ 474,000 after purchasing an additional 106 shares during the last quarter. 85.87% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on EOG. MKM Partners boosted their price objective on EOG Resources from $ 114.00 to $ 127.00 in a research report on Monday, February 28th. Royal Bank of Canada boosted their price objective on EOG Resources from $ 125.00 to $ 140.00 and gave the stock an “outperform” rating in a research report on Monday, March 7th. Mizuho upped their price target on EOG Resources from $ 172.00 to $ 175.00 and gave the company a “buy” rating in a report on Tuesday, May 31st. Barclays upped their price target on EOG Resources from $ 149.00 to $ 168.00 and gave the company an “overweight” rating in a report on Tuesday, June 14th. Finally, Johnson Rice raised EOG Resources from a “hold” rating to a “buy” rating and upped their price target for the company from $ 155.00 to $ 165.00 in a report on Tuesday, May 24th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EOG Resources has an average rating of “Buy” and an average target price of $ 138.18.
Shares of EOG opened at $ 111.67 on Friday. EOG Resources, Inc. has a 1 year low of $ 62.81 and a 1 year high of $ 147.99. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $ 126.58 and a 200-day simple moving average of $ 113.44. The stock has a market cap of $ 65.41 billion, a PE ratio of 14.91, a PEG ratio of 0.22 and a beta of 1.66.
EOG Resources (NYSE: EOG – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The energy exploration company reported $ 4.00 EPS for the quarter, topping analysts’ consensus estimates of $ 3.69 by $ 0.31. The business had revenue of $ 3.98 billion for the quarter, compared to analyst estimates of $ 5.62 billion. EOG Resources had a return on equity of 29.77% and a net margin of 23.12%. EOG Resources’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $ 1.62 EPS. On average, sell-side analysts forecast that EOG Resources, Inc. will post 17.04 EPS for the current fiscal year.
The firm also recently declared a None dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a dividend of $ 1.80 per share. The ex-dividend date is Tuesday, June 14th. EOG Resources’s dividend payout ratio (DPR) is presently 40.05%.
In related news, CFO Timothy K. Driggers sold 3,484 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $ 135.51, for a total transaction of $ 472,116.84. Following the sale, the chief financial officer now directly owns 214,691 shares in the company, valued at approximately $ 29,092,777.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth W. Boedeker sold 1,006 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $ 142.32, for a total value of $ 143,173.92. Following the sale, the executive vice president now owns 16,880 shares in the company, valued at $ 2,402,361.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,745 shares of company stock worth $ 1,899,262. 0.40% of the stock is owned by corporate insiders.
EOG Resources Profile: (Get Rating)
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8.222 billion cubic feet of natural gas reserves.
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