EOG Resources, Inc. (NYSE:EOG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.1% in the third quarter, according to its most recent 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 about 0.14% of EOG Resources worth $96,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of EOG. Stephens Inc. AR grew its position in EOG Resources by 5.3% in the 3rd quarter. Stephens Inc. AR now owns 5,083 shares of the energy exploration company’s stock valued at $625,000 after buying an additional 258 shares during the last quarter. Lincluden Management Ltd. boosted its holdings in shares of EOG Resources by 1.1% in the third quarter. Lincluden Management Ltd. now owns 34,397 shares of the energy exploration company’s stock valued at $4,228,000 after acquiring an additional 377 shares in the last quarter. Oak Ridge Investments LLC increased its stake in shares of EOG Resources by 7.7% during the third quarter. Oak Ridge Investments LLC now owns 38,963 shares of the energy exploration company’s stock worth $4,790,000 after acquiring an additional 2,780 shares during the period. United Asset Strategies Inc. raised its holdings in EOG Resources by 12.4% during the third quarter. United Asset Strategies Inc. now owns 6,072 shares of the energy exploration company’s stock worth $746,000 after purchasing an additional 669 shares in the last quarter. Finally, HM Payson & Co. boosted its holdings in EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company’s stock valued at $40,000 after purchasing an additional 220 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EOG. Barclays cut their target price on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. 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. Morgan Stanley lowered 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 note on Monday, September 16th. Truist Financial reduced their price objective on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Finally, KeyCorp lowered their target price on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Fourteen 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’s stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $141.20.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $120.84 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The company has a market cap 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. The company has a 50-day simple moving average of $125.46 and a 200-day simple moving average of $126.30. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share 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 25.42% and a net margin of 30.33%. EOG Resources’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.49 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.59 earnings per share for the current year.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was 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 in the company, valued at $7,648,035.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by insiders.

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.