Kentucky Retirement Systems Reduces Stake in EOG Resources, Inc. $EOG

Kentucky Retirement Systems lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 34.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,537 shares of the energy exploration company’s stock after selling 11,775 shares during the quarter. Kentucky Retirement Systems’ holdings in EOG Resources were worth $3,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. SJS Investment Consulting Inc. grew its stake in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares in the last quarter. Prosperity Bancshares Inc bought a new stake in EOG Resources during the 4th quarter worth approximately $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources during the 4th quarter worth approximately $30,000. Finally, Financial Life Planners bought a new stake in EOG Resources during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on EOG shares. Mizuho set a $157.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a report on Wednesday, May 27th. Capital One Financial decreased their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Williams Trading set a $177.00 price target on shares of EOG Resources in a report on Monday, April 20th. DA Davidson increased their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $155.32.

EOG Resources Trading Down 0.3%

EOG stock opened at $145.56 on Friday. The company has a market capitalization of $77.53 billion, a PE ratio of 14.33 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The company’s 50 day moving average price is $136.81 and its two-hundred day moving average price is $131.15.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the company earned $2.87 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. As a group, analysts predict that EOG Resources, Inc. will post 16.16 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s payout ratio is currently 40.16%.

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.