New York State Common Retirement Fund reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 781,155 shares of the energy exploration company's stock after selling 50,768 shares during the quarter. New York State Common Retirement Fund owned 0.14% of EOG Resources worth $96,027,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cape ANN Savings Bank grew its position in shares of EOG Resources by 0.9% in the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company's stock valued at $1,067,000 after purchasing an additional 79 shares during the last quarter. Wright Investors Service Inc. grew its position in shares of EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company's stock valued at $1,299,000 after purchasing an additional 80 shares during the last quarter. CVA Family Office LLC grew its position in shares of EOG Resources by 11.0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company's stock valued at $103,000 after purchasing an additional 81 shares during the last quarter. Bailard Inc. grew its position in shares of EOG Resources by 0.4% in the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company's stock valued at $2,505,000 after purchasing an additional 81 shares during the last quarter. Finally, Everpar Advisors LLC grew its position in shares of EOG Resources by 3.6% in the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company's stock valued at $293,000 after purchasing an additional 83 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. UBS Group decreased their target price on shares of EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Barclays decreased their target price on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Piper Sandler decreased their target price on shares of EOG Resources from $154.00 to $147.00 and set an "overweight" rating on the stock in a research report on Thursday, August 15th. Morgan Stanley decreased their target price on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Monday, September 16th. Finally, Evercore ISI decreased their target price on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, September 30th. Fourteen investment 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. Based on data from MarketBeat.com, EOG Resources currently has an average rating of "Hold" and an average price target of $141.20.
Check Out Our Latest Stock Analysis on EOG
EOG Resources Trading Down 0.9 %
Shares of EOG stock traded down $1.12 during mid-day trading on Friday, reaching $120.84. The company's stock had a trading volume of 2,256,118 shares, compared to its average volume of 3,139,158. The company's 50 day simple moving average is $125.46 and its 200-day simple moving average is $126.25. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $68.71 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 3.17 and a beta of 1.28.
EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter last year, the firm posted $2.49 EPS. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts predict that EOG Resources, Inc. will post 11.59 EPS for the current fiscal year.
Insider Activity
In related news, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company's stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company's stock.
About EOG Resources
(
Free Report)
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.
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