Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stock Holdings in EOG Resources, Inc. $EOG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,211 shares of the energy exploration company’s stock after selling 4,902 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in EOG Resources were worth $13,253,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Olistico Wealth LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $33,000. Physician Wealth Advisors Inc. grew its position in EOG Resources by 103.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after buying an additional 170 shares during the period. Laurel Wealth Advisors LLC bought a new stake in EOG Resources during the fourth quarter valued at approximately $38,000. AXS Investments LLC bought a new stake in EOG Resources during the third quarter valued at approximately $41,000. Finally, City Holding Co. grew its position in EOG Resources by 469.2% during the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 305 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 12,456 shares of company stock valued at $1,788,033. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Stephens cut their target price on shares of EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. Wells Fargo & Company set a $196.00 target price on shares of EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Citigroup restated a “neutral” rating and set a $147.00 target price (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and a consensus price target of $156.39.

EOG Resources Stock Performance

EOG opened at $136.40 on Tuesday. The firm has a market cap of $72.65 billion, a P/E ratio of 13.43 and a beta of 0.27. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a 50 day simple moving average of $137.96 and a two-hundred day simple moving average of $122.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.87 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.