California Public Employees Retirement System Trims Holdings in EOG Resources, Inc. (NYSE:EOG)

California Public Employees Retirement System reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,405,457 shares of the energy exploration company's stock after selling 31,463 shares during the quarter. California Public Employees Retirement System owned about 0.25% of EOG Resources worth $172,281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Insight Inv LLC raised its position in EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company's stock valued at $1,154,000 after buying an additional 75 shares during the last quarter. Essex Financial Services Inc. grew its stake in shares of EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock worth $753,000 after acquiring an additional 79 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after purchasing an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock valued at $121,000 after purchasing an additional 80 shares in the last quarter. Finally, 1ST Source Bank boosted its holdings in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after purchasing an additional 80 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Benchmark reiterated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Morgan Stanley reduced their price objective on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Mizuho reiterated a "neutral" rating and set a $140.00 target price (down from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Finally, Citigroup cut their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $144.67.

EOG Resources Trading Up 0.8 %

EOG Resources stock traded up $1.02 during mid-day trading on Tuesday, hitting $129.26. The company's stock had a trading volume of 1,926,383 shares, compared to its average volume of 3,099,855. The business has a 50 day moving average price of $127.93 and a 200-day moving average price of $127.92. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67. The stock has a market cap of $71.60 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is 34.73%.

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.