EOG Resources, Inc. $EOG Shares Sold by Public Employees Retirement Association of Colorado

by · The Cerbat Gem

Public Employees Retirement Association of Colorado reduced its stake in EOG Resources, Inc. (NYSE:EOGFree Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,166,383 shares of the energy exploration company’s stock after selling 23,154 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in EOG Resources were worth $122,482,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital World Investors increased its stake in EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares during the period. Vanguard Group Inc. increased its stake in EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after buying an additional 446,341 shares during the period. State Street Corp increased its stake in EOG Resources by 0.3% during the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after buying an additional 100,080 shares during the period. Capital Research Global Investors increased its stake in EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after buying an additional 122,486 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after buying an additional 371,548 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Trading Down 0.2%

Shares of NYSE:EOG opened at $136.42 on Monday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company’s 50 day moving average is $137.04 and its two-hundred day moving average is $123.99. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a market cap of $72.66 billion, a PE ratio of 13.43 and a beta of 0.25.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the firm posted $2.87 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities analysts predict that EOG Resources, Inc. will post 16.63 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio is currently 40.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EOG shares. Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Barclays upped their target price on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group upped their target price on shares of EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upped their target price on shares of EOG Resources from $145.00 to $148.00 in a research note on Thursday, May 7th. Finally, Stephens cut their target price on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $156.32.

View Our Latest Analysis on EOG

EOG Resources Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOGFree Report).