Teachers Retirement System of The State of Kentucky Has $15.50 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Teachers Retirement System of The State of Kentucky lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,207 shares of the energy exploration company’s stock after selling 4,495 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in EOG Resources were worth $15,495,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of EOG. Sachetta LLC bought a new position in shares of EOG Resources in the 4th quarter valued at $33,000. Keener Financial Planning LLC bought a new position in shares of EOG Resources in the 4th quarter valued at $36,000. Norwood Financial Corp bought a new position in shares of EOG Resources in the 1st quarter valued at $37,000. LifeSteps Financial Inc. bought a new position in shares of EOG Resources in the 1st quarter valued at $38,000. Finally, GoalVest Advisory LLC lifted its stake in shares of EOG Resources by 135.4% in the 1st quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock valued at $39,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares in the company, valued at approximately $20,987,669.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares in the company, valued at approximately $20,987,669.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $130.07, for a total value of $1,014,806.14. Following the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock worth $2,144,972 in the last three months. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 0.2 %

Shares of EOG traded down $0.19 during trading hours on Friday, hitting $122.92. The stock had a trading volume of 6,668,943 shares, compared to its average volume of 2,636,904. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The firm has a 50 day simple moving average of $124.57 and a 200-day simple moving average of $123.61. The firm has a market capitalization of $70.64 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $2.49 EPS. Sell-side analysts predict that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.96%. EOG Resources’s dividend payout ratio is presently 28.75%.

Analyst Ratings Changes

A number of research analysts have recently commented on EOG shares. Citigroup increased their price target on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Sanford C. Bernstein lowered their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Truist Financial lowered their target price on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $147.00 target price on shares of EOG Resources in a research report on Wednesday, July 10th. Fifteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.20.

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.