South Dakota Investment Council Decreases Position in EOG Resources, Inc. (NYSE:EOG)

South Dakota Investment Council trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,523 shares of the energy exploration company’s stock after selling 3,657 shares during the period. South Dakota Investment Council’s holdings in EOG Resources were worth $20,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. McIlrath & Eck LLC increased its position in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares during the period. Exchange Traded Concepts LLC lifted its stake in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares in the last quarter. Peoples Bank KS purchased a new position in shares of EOG Resources during the 3rd quarter valued at $31,000. Hall Laurie J Trustee bought a new position in shares of EOG Resources in the fourth quarter worth $36,000. Finally, Keener Financial Planning LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth $36,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Mizuho upped their target price on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Citigroup upped their price objective on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Stifel Nicolaus dropped their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial decreased their price target on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Piper Sandler raised their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.19.

EOG Resources Trading Up 0.7 %

Shares of NYSE EOG traded up $0.90 during mid-day trading on Tuesday, hitting $134.80. The stock had a trading volume of 2,055,284 shares, compared to its average volume of 3,393,632. The business has a 50 day moving average price of $124.34 and a two-hundred day moving average price of $122.26. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm has a market cap of $77.54 billion, a P/E ratio of 10.36 and a beta of 1.40.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. EOG Resources’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.30 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

About EOG Resources

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.