Oregon Public Employees Retirement Fund Cuts Holdings in EOG Resources Inc (EOG)

Oregon Public Employees Retirement Fund lowered its position in EOG Resources Inc (NYSE:EOG) by 3.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 60,817 shares of the energy exploration company’s stock after selling 2,229 shares during the period. Oregon Public Employees Retirement Fund’s holdings in EOG Resources were worth $5,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Mason Street Advisors LLC lifted its position in EOG Resources by 1.2% in the first quarter. Mason Street Advisors LLC now owns 82,752 shares of the energy exploration company’s stock valued at $7,876,000 after purchasing an additional 994 shares during the last quarter. Associated Banc Corp lifted its position in EOG Resources by 2.3% in the first quarter. Associated Banc Corp now owns 148,039 shares of the energy exploration company’s stock valued at $14,090,000 after purchasing an additional 3,396 shares during the last quarter. Stratos Wealth Advisors LLC bought a new stake in EOG Resources in the first quarter valued at approximately $212,000. Corbyn Investment Management Inc. MD lifted its position in EOG Resources by 5.0% in the first quarter. Corbyn Investment Management Inc. MD now owns 86,020 shares of the energy exploration company’s stock valued at $8,187,000 after purchasing an additional 4,088 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in EOG Resources by 2.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 56,531 shares of the energy exploration company’s stock valued at $5,380,000 after purchasing an additional 1,605 shares during the last quarter. 88.25% of the stock is owned by institutional investors and hedge funds.

NYSE EOG opened at $93.02 on Monday. EOG Resources Inc has a 12 month low of $82.04 and a 12 month high of $133.53. The firm has a market capitalization of $53.98 billion, a PE ratio of 16.79, a P/E/G ratio of 1.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 1.14.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.03 by $0.16. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm posted $1.19 earnings per share. EOG Resources’s revenue was up 10.3% compared to the same quarter last year. As a group, equities analysts anticipate that EOG Resources Inc will post 5.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.2875 per share. The ex-dividend date is Tuesday, July 16th. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 annualized dividend and a dividend yield of 1.24%. EOG Resources’s dividend payout ratio (DPR) is 15.88%.

In related news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total transaction of $113,114.88. Following the sale, the director now directly owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company’s stock.

A number of equities analysts recently commented on EOG shares. ValuEngine downgraded EOG Resources from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Morgan Stanley set a $108.00 target price on EOG Resources and gave the company a “hold” rating in a report on Wednesday, May 8th. KeyCorp upped their target price on EOG Resources from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Oppenheimer started coverage on EOG Resources in a report on Wednesday, March 27th. They set an “outperform” rating and a $108.00 target price for the company. Finally, Raymond James set a $124.00 target price on EOG Resources and gave the company a “buy” rating in a report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the stock. EOG Resources presently has an average rating of “Buy” and an average price target of $121.40.

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EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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