Illinois Municipal Retirement Fund Has $18.41 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Illinois Municipal Retirement Fund cut its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 150,161 shares of the energy exploration company's stock after selling 17,703 shares during the period. Illinois Municipal Retirement Fund's holdings in EOG Resources were worth $18,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EOG. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company's stock valued at $2,140,338,000 after acquiring an additional 75,194 shares in the last quarter. Geode Capital Management LLC increased its stake in EOG Resources by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company's stock valued at $1,513,446,000 after buying an additional 180,755 shares during the last quarter. Franklin Resources Inc. lifted its position in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after buying an additional 2,076,134 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of EOG Resources by 5.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock worth $547,827,000 after buying an additional 214,497 shares during the last quarter. Finally, Yacktman Asset Management LP grew its holdings in shares of EOG Resources by 10.3% in the 4th quarter. Yacktman Asset Management LP now owns 1,807,065 shares of the energy exploration company's stock valued at $221,510,000 after acquiring an additional 168,723 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is owned by insiders.

EOG Resources Stock Performance

EOG Resources stock traded down $3.62 during midday trading on Friday, hitting $126.99. The company's stock had a trading volume of 6,868,662 shares, compared to its average volume of 2,926,389. 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 company has a market cap of $71.43 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a 1-year low of $113.83 and a 1-year high of $139.67. The company has a 50-day moving average price of $129.14 and a two-hundred day moving average price of $127.89.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. The business 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, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources announced that its Board of Directors has authorized a share buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.07%. EOG Resources's payout ratio is 31.40%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EOG shares. Citigroup increased their price target on EOG Resources from $127.00 to $134.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Mizuho decreased their target price on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Wells Fargo & Company raised shares of EOG Resources from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Bank of America reaffirmed a "neutral" rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $145.30.

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.