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

Illinois Municipal Retirement Fund raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 207,509 shares of the energy exploration company’s stock after acquiring 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Nemes Rush Group LLC bought a new position in EOG Resources in the fourth quarter valued at approximately $30,000. Olistico Wealth LLC bought a new position in EOG Resources in the fourth quarter valued at approximately $33,000. Physician Wealth Advisors Inc. boosted its stake in EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after acquiring an additional 170 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in EOG Resources in the fourth quarter valued at approximately $38,000. Finally, City Holding Co. lifted its stake in EOG Resources by 469.2% in the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 305 shares during the period. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EOG. Truist Financial raised their target price on EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Citigroup reaffirmed a “neutral” rating and issued a $147.00 price target (up from $142.00) on shares of EOG Resources in a research note on Wednesday, May 20th. Scotiabank increased their price target on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Wolfe Research lifted their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Finally, DA Davidson boosted their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Stock Up 2.3%

NYSE:EOG opened at $140.54 on Thursday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The stock has a 50-day moving average price of $137.28 and a two-hundred day moving average price of $123.58. The stock has a market cap of $74.85 billion, a price-to-earnings ratio of 13.83 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the business posted $2.87 EPS. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on 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 of the company’s stock, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction on 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 owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.14% of the company’s stock.

EOG Resources Profile

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.