Teachers Retirement System of The State of Kentucky Sells 57,784 Shares of EOG Resources, Inc. (NYSE:EOG)

Teachers Retirement System of The State of Kentucky lessened its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 57.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,101 shares of the energy exploration company's stock after selling 57,784 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in EOG Resources were worth $5,161,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its stake in shares of EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after acquiring an additional 2,792,092 shares during the last quarter. Capital World Investors raised its position in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after purchasing an additional 2,270,013 shares during the last quarter. Franklin Resources Inc. lifted its holdings 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 during the period. Raymond James Financial Inc. bought a new stake in shares of EOG Resources in the 4th quarter valued at about $171,193,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after buying an additional 781,282 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group reduced their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Truist Financial increased their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their target price for the company from $150.00 to $130.00 in a report on Friday, April 11th. StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Benchmark reissued a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Twelve 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 stock. According to MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus price target of $143.52.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 2.0 %

Shares of NYSE:EOG opened at $111.28 on Wednesday. The stock has a market cap of $61.38 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 3.58 and a beta of 0.93. The business's 50 day moving average is $121.55 and its 200 day moving average is $126.14. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last posted its 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 firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share 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 given a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.50%. EOG Resources's dividend payout ratio is currently 34.73%.

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.

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