California State Teachers Retirement System Trims Stake in EOG Resources, Inc. $EOG

California State Teachers Retirement System lowered its position in EOG Resources, Inc. (NYSE:EOG) by 4.2% in the 1st quarter, Holdings Channel reports. The firm owned 627,061 shares of the energy exploration company’s stock after selling 27,512 shares during the quarter. California State Teachers Retirement System’s holdings in EOG Resources were worth $90,654,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EOG. Twin Capital Management Inc. raised its holdings in shares of EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after buying an additional 79 shares during the period. Hardy Reed LLC boosted its holdings in EOG Resources by 3.8% during the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after acquiring an additional 82 shares during the period. Legacy Wealth Managment LLC ID grew its position in EOG Resources by 39.5% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 311 shares of the energy exploration company’s stock valued at $45,000 after acquiring an additional 88 shares during the last quarter. Fulton Bank N.A. grew its position in EOG Resources by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock valued at $662,000 after acquiring an additional 93 shares during the last quarter. Finally, Ethos Financial Group LLC increased its stake in EOG Resources by 2.5% in the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG opened at $145.89 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $136.69 and its 200-day simple moving average is $130.87. The company has a market capitalization of $77.70 billion, a price-to-earnings ratio of 14.36 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the firm earned $2.87 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 16.16 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EOG shares. Truist Financial decreased their target price on EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, July 1st. JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Mizuho set a $157.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Capital One Financial decreased their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group lowered their price objective on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $155.32.

EOG Resources Company Profile

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.