Illinois Municipal Retirement Fund Has $18.41 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Illinois Municipal Retirement Fund reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,161 shares of the energy exploration company’s stock after selling 17,703 shares during the period. Illinois Municipal Retirement Fund’s holdings in EOG Resources were worth $18,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in shares of EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after acquiring an additional 2,076,134 shares during the period. Fisher Asset Management LLC boosted its position in shares of EOG Resources by 856.7% in the third quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock valued at $147,621,000 after acquiring an additional 1,075,334 shares during the period. Assenagon Asset Management S.A. grew its position in shares of EOG Resources by 577.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after buying an additional 593,823 shares during the period. Empower Advisory Group LLC grew its position in shares of EOG Resources by 21,218.1% during the 4th quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company’s stock worth $43,222,000 after buying an additional 350,948 shares during the period. Finally, Victory Capital Management Inc. grew its position in EOG Resources by 42.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company’s stock valued at $136,874,000 after purchasing an additional 333,947 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on EOG shares. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. Truist Financial lifted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Citigroup lifted their target price on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, Bank of America restated a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Twelve 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.85.

EOG Resources Trading Up 0.3 %

NYSE EOG opened at $133.50 on Tuesday. EOG Resources, Inc. has a 12 month low of $111.13 and a 12 month high of $139.67. The stock has a market cap of $75.08 billion, a P/E ratio of 10.75, a P/E/G ratio of 3.58 and a beta of 1.27. The stock’s fifty day moving average price is $128.53 and its 200-day moving average price is $127.83. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by insiders.

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.