Illinois Municipal Retirement Fund Purchases 4,566 Shares of EOG Resources, Inc. $EOG

Illinois Municipal Retirement Fund boosted its position in EOG Resources, Inc. (NYSE:EOG) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 207,509 shares of the energy exploration company’s stock after buying an additional 4,566 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in EOG Resources were worth $21,791,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of EOG. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources in the second quarter valued at approximately $258,000. Quantbot Technologies LP acquired a new position in EOG Resources during the second quarter worth $349,000. Gamco Investors INC. ET AL boosted its holdings in EOG Resources by 216.1% during the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the last quarter. NewEdge Advisors LLC grew its position in EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after purchasing an additional 444 shares in the last quarter. Finally, Sei Investments Co. increased its stake in EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after buying an additional 15,250 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EOG. Wolfe Research boosted their price target on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Piper Sandler lifted their target price on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. UBS Group upped their target price on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. DA Davidson increased their price target on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group raised their price target on EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Trading Up 2.3%

EOG Resources stock opened at $140.54 on Thursday. The stock has a 50-day simple moving average of $137.28 and a 200 day simple moving average of $123.58. The stock has a market capitalization of $74.85 billion, a P/E ratio of 13.83 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 52 week low of $101.59 and a 52 week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the firm posted $2.87 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. Analysts expect that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is 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.