Illinois Municipal Retirement Fund Sells 36,740 Shares of EOG Resources, Inc. $EOG

Illinois Municipal Retirement Fund reduced its position in EOG Resources, Inc. (NYSE:EOG) by 17.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 170,769 shares of the energy exploration company’s stock after selling 36,740 shares during the period. Illinois Municipal Retirement Fund’s holdings in EOG Resources were worth $24,688,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $26,000. SJS Investment Consulting Inc. raised its stake in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares during the period. Nemes Rush Group LLC bought a new stake in EOG Resources in the 4th quarter valued at $30,000. Finally, Gen Wealth Partners Inc bought a new stake in EOG Resources in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $137.56 on Thursday. The business has a fifty day simple moving average of $135.56 and a 200 day simple moving average of $128.23. The company has a market capitalization of $73.27 billion, a PE ratio of 13.54 and a beta of 0.25. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.87 EPS. Research analysts expect that EOG Resources, Inc. will post 16.18 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio is 40.16%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EOG shares. DA Davidson lifted their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Piper Sandler increased their price objective on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. Jefferies Financial Group restated a “buy” rating and set a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. BMO Capital Markets lifted their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Finally, Stephens reduced their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.04.

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.