Public Employees Retirement System of Ohio Sells 4,040 Shares of EOG Resources, Inc. (NYSE:EOG)

Public Employees Retirement System of Ohio decreased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 279,706 shares of the energy exploration company's stock after selling 4,040 shares during the quarter. Public Employees Retirement System of Ohio's holdings in EOG Resources were worth $34,384,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in EOG Resources during the third quarter valued at approximately $516,000. Montchanin Asset Management LLC increased its holdings in shares of EOG Resources by 13.0% in the third quarter. Montchanin Asset Management LLC now owns 4,355 shares of the energy exploration company's stock worth $535,000 after acquiring an additional 500 shares in the last quarter. Dean Investment Associates LLC lifted its stake in EOG Resources by 13.8% in the third quarter. Dean Investment Associates LLC now owns 62,060 shares of the energy exploration company's stock valued at $7,629,000 after buying an additional 7,526 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in EOG Resources by 2.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 30,567 shares of the energy exploration company's stock worth $3,758,000 after purchasing an additional 779 shares during the period. Finally, DF Dent & Co. Inc. grew its holdings in shares of EOG Resources by 1.4% during the third quarter. DF Dent & Co. Inc. now owns 6,659 shares of the energy exploration company's stock worth $819,000 after buying an additional 95 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EOG shares. Wells Fargo & Company raised their price target on shares of EOG Resources from $135.00 to $147.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Morgan Stanley cut their price target 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. UBS Group decreased their price objective on EOG Resources from $167.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $143.00 to $135.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th. Finally, Piper Sandler downgraded EOG Resources from an "overweight" rating to a "neutral" rating and raised their price target for the company from $147.00 to $149.00 in a research note on Monday, November 18th. Fifteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, EOG Resources currently has a consensus rating of "Hold" and a consensus price target of $144.20.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $1.23 during trading on Tuesday, reaching $126.62. 3,440,463 shares of the stock were exchanged, compared to its average volume of 3,118,134. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The stock has a 50-day moving average price of $129.46 and a 200-day moving average price of $126.34. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market cap of $71.21 billion, a PE ratio of 10.19, a PEG ratio of 3.40 and a beta of 1.29.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date is Friday, January 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a yield of 3.08%. EOG Resources's payout ratio is 29.31%.

EOG Resources declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at EOG Resources

In other news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the sale, the director now directly owns 43,532 shares in the company, valued at approximately $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company's stock.

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.