Teachers Retirement System of The State of Kentucky Sells 14,230 Shares of EOG Resources, Inc. (NYSE:EOG)

Teachers Retirement System of The State of Kentucky reduced its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 12.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 99,885 shares of the energy exploration company's stock after selling 14,230 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in EOG Resources were worth $12,279,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EOG. Sequoia Financial Advisors LLC raised its stake in shares of EOG Resources by 10.0% in the second quarter. Sequoia Financial Advisors LLC now owns 7,352 shares of the energy exploration company's stock worth $925,000 after acquiring an additional 670 shares during the last quarter. Diversified Trust Co raised its stake in shares of EOG Resources by 68.7% in the second quarter. Diversified Trust Co now owns 5,978 shares of the energy exploration company's stock worth $752,000 after acquiring an additional 2,434 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of EOG Resources by 20.4% in the second quarter. V Square Quantitative Management LLC now owns 1,921 shares of the energy exploration company's stock worth $242,000 after acquiring an additional 325 shares during the last quarter. Swedbank AB grew its position in shares of EOG Resources by 3,078.4% during the 2nd quarter. Swedbank AB now owns 96,306 shares of the energy exploration company's stock worth $12,122,000 after buying an additional 93,276 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of EOG Resources by 35.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 425,265 shares of the energy exploration company's stock worth $53,528,000 after buying an additional 112,017 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

NYSE:EOG traded down $0.96 during trading hours on Thursday, reaching $126.60. 2,169,504 shares of the company were exchanged, compared to its average volume of 3,125,266. The company has a market capitalization of $71.21 billion, a P/E ratio of 10.20, a P/E/G ratio of 3.40 and a beta of 1.29. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business has a 50 day moving average of $129.44 and a 200 day moving average of $126.37.

EOG Resources announced that its board has authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.91. EOG Resources's dividend payout ratio (DPR) is currently 31.40%.

Insider Buying and Selling at EOG Resources

In related news, Director Janet F. Clark sold 568 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now owns 43,532 shares of the company's stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lowered their price objective on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, November 16th. Raymond James increased their price objective on shares of EOG Resources from $156.00 to $167.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 21st. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $145.00 target price on shares of EOG Resources in a report on Monday, October 14th. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $144.20.

EOG Resources 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.