New York State Teachers Retirement System decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 955,450 shares of the energy exploration company’s stock after selling 1,089 shares during the quarter. New York State Teachers Retirement System owned approximately 0.17% of EOG Resources worth $92,430,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EOG. Gagnon Securities LLC raised its position in EOG Resources by 0.3% in the 2nd quarter. Gagnon Securities LLC now owns 3,018 shares of the energy exploration company’s stock valued at $273,000 after purchasing an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in EOG Resources by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the energy exploration company’s stock valued at $217,000 after purchasing an additional 15 shares during the last quarter. Winfield Associates Inc. raised its position in EOG Resources by 1.7% in the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 19 shares during the last quarter. Quadrant Capital Group LLC raised its position in EOG Resources by 0.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 5,007 shares of the energy exploration company’s stock valued at $418,000 after purchasing an additional 23 shares during the last quarter. Finally, Bank of The West raised its position in EOG Resources by 0.8% in the 2nd quarter. Bank of The West now owns 3,751 shares of the energy exploration company’s stock valued at $339,000 after purchasing an additional 28 shares during the last quarter. 85.38% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the business posted ($0.38) earnings per share. The business’s revenue was up 47.1% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently -131.37%.

Several brokerages have issued reports on EOG. Barclays PLC reiterated an “overweight” rating and issued a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a research report on Wednesday, August 9th. Scotiabank reiterated a “hold” rating and issued a $100.00 price objective on shares of EOG Resources in a research report on Thursday, August 3rd. BidaskClub upgraded EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a research report on Friday, July 14th. Finally, BMO Capital Markets set a $105.00 price objective on EOG Resources and gave the company a “buy” rating in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $108.68.

In other news, Director Charles R. Crisp sold 3,411 shares of EOG Resources stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $97.03, for a total value of $330,969.33. Following the completion of the transaction, the director now directly owns 53,196 shares of the company’s stock, valued at approximately $5,161,607.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of EOG Resources stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the completion of the transaction, the insider now directly owns 1,067,465 shares of the company’s stock, valued at $103,149,142.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,578 shares of company stock valued at $3,700,882. Corporate insiders own 0.53% of the company’s stock.

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About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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

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