South Dakota Investment Council Decreases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

South Dakota Investment Council lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 168,523 shares of the energy exploration company’s stock after selling 3,657 shares during the period. South Dakota Investment Council’s holdings in EOG Resources were worth $20,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC raised its stake in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the period. Peoples Bank KS purchased a new stake in EOG Resources during the third quarter worth $31,000. Hall Laurie J Trustee acquired a new stake in EOG Resources during the fourth quarter valued at $36,000. Finally, Keener Financial Planning LLC acquired a new position in shares of EOG Resources in the fourth quarter worth about $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.7 %

Shares of EOG stock traded up $0.90 during trading hours on Tuesday, hitting $134.80. The company had a trading volume of 2,055,284 shares, compared to its average volume of 3,393,632. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The company’s fifty day moving average is $124.34 and its 200 day moving average is $122.26. The stock has a market capitalization of $77.54 billion, a PE ratio of 10.36 and a beta of 1.40.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the firm posted $3.30 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Research analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.70%. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EOG shares. JPMorgan Chase & Co. upped their price target on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Citigroup lifted their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Morgan Stanley raised their price target on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Susquehanna boosted their target price on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.19.

About EOG Resources

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.