EOG Resources, Inc. $EOG Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 14.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 240,900 shares of the energy exploration company’s stock after selling 42,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in EOG Resources were worth $27,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its position in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after buying an additional 219 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in EOG Resources during the second quarter worth approximately $29,000. ORG Partners LLC lifted its position in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. Keener Financial Planning LLC acquired a new stake in EOG Resources in the second quarter worth approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in EOG Resources during the 2nd quarter valued at $35,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EOG. Wells Fargo & Company dropped their price objective on EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Roth Capital reaffirmed a “neutral” rating on shares of EOG Resources in a research note on Monday, December 15th. JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $131.00 to $121.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Sanford C. Bernstein cut their price target on shares of EOG Resources from $146.00 to $144.00 and set a “market perform” rating for the company in a report on Friday, November 21st. Finally, Barclays set a $136.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $138.93.

EOG Resources Trading Up 1.0%

NYSE:EOG opened at $105.64 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $138.18. The firm has a market capitalization of $57.32 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 7.91 and a beta of 0.49. The stock has a fifty day simple moving average of $106.82 and a 200 day simple moving average of $114.13.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the company earned $2.89 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.