State of Tennessee Department of Treasury Trims Holdings in EOG Resources, Inc. (NYSE:EOG)

State of Tennessee Department of Treasury cut its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 272,470 shares of the energy exploration company's stock after selling 27,819 shares during the quarter. State of Tennessee Department of Treasury's holdings in EOG Resources were worth $33,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. World Investment Advisors LLC bought a new position in EOG Resources during the third quarter worth $730,000. Mountain Lake Investment Management LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at about $735,000. Oak Ridge Investments LLC boosted its position in shares of EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock worth $5,059,000 after purchasing an additional 2,311 shares in the last quarter. Tobam bought a new stake in EOG Resources in the 4th quarter valued at about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock worth $550,000 after buying an additional 2,773 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

EOG traded down $0.39 during trading on Friday, hitting $113.07. 2,093,424 shares of the company traded hands, compared to its average volume of 3,233,731. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock's fifty day moving average is $120.87 and its 200 day moving average is $125.89. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $62.36 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.

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, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 3.45%. EOG Resources's payout ratio is presently 34.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler decreased their price objective on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a report on Tuesday. KeyCorp lowered their price objective on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday. Mizuho reiterated a "neutral" rating and set a $140.00 price objective (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Citigroup lowered their target price 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. Finally, Benchmark reiterated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $141.25.

EOG Resources Company 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.