Oregon Public Employees Retirement Fund Decreases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Oregon Public Employees Retirement Fund trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,195 shares of the energy exploration company’s stock after selling 486 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in EOG Resources were worth $5,908,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. DRW Securities LLC lifted its position in shares of EOG Resources by 98.6% during the third quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock valued at $3,299,000 after buying an additional 13,324 shares during the last quarter. Caprock Group LLC lifted its position in shares of EOG Resources by 7.7% during the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock valued at $1,489,000 after buying an additional 862 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of EOG Resources during the third quarter valued at about $730,000. Mountain Lake Investment Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at about $735,000. Finally, Oak Ridge Investments LLC lifted its position in shares of EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after buying an additional 2,311 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on EOG shares. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Piper Sandler increased their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Bank of America reaffirmed a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Twelve research 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. Based on data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $144.85.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $129.70 on Thursday. The stock has a market capitalization of $72.95 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a 12 month low of $112.11 and a 12 month high of $139.67. The firm’s 50 day simple moving average is $128.90 and its 200-day simple moving average is $127.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources announced that its Board of Directors has approved a share repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

EOG Resources Profile

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.