California Public Employees Retirement System Sells 177,812 Shares of EOG Resources, Inc. $EOG

California Public Employees Retirement System reduced its position in EOG Resources, Inc. (NYSE:EOG) by 9.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,676,486 shares of the energy exploration company’s stock after selling 177,812 shares during the quarter. California Public Employees Retirement System’s holdings in EOG Resources were worth $200,524,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Kiker Wealth Management LLC purchased a new stake in shares of EOG Resources in the 2nd quarter worth about $627,000. Railway Pension Investments Ltd raised its stake in EOG Resources by 6.9% in the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after buying an additional 28,800 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in EOG Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after buying an additional 5,156 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after buying an additional 45,295 shares during the period. Finally, River Road Asset Management LLC lifted its holdings in EOG Resources by 15.2% in the second quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock worth $9,107,000 after buying an additional 9,999 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EOG shares. Wells Fargo & Company reduced their target price on EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. JPMorgan Chase & Co. dropped their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Piper Sandler decreased their price objective on EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group dropped their target price on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $139.86.

EOG Resources Stock Up 0.0%

EOG stock opened at $112.19 on Monday. The business has a 50 day moving average of $108.18 and a 200 day moving average of $115.07. The firm has a market cap of $60.87 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 8.47 and a beta of 0.49. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the company posted $2.89 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.6%. EOG Resources’s payout ratio is presently 40.64%.

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.