EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Marco Investment Management LLC

Marco Investment Management LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,293 shares of the energy exploration company’s stock after purchasing an additional 1,633 shares during the quarter. Marco Investment Management LLC’s holdings in EOG Resources were worth $3,543,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of EOG Resources during the third quarter worth $4,431,000. TIAA Trust National Association boosted its holdings in shares of EOG Resources by 639.3% during the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after purchasing an additional 49,840 shares during the last quarter. AIA Group Ltd boosted its holdings in shares of EOG Resources by 128.0% during the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after purchasing an additional 5,728 shares during the last quarter. L. Roy Papp & Associates LLP boosted its holdings in EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after acquiring an additional 26,026 shares during the last quarter. Finally, Yacktman Asset Management LP boosted its holdings in EOG Resources by 4.8% in the fourth quarter. Yacktman Asset Management LP now owns 1,789,433 shares of the energy exploration company’s stock valued at $216,432,000 after acquiring an additional 82,302 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EOG shares. Truist Financial reduced their target price on EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Barclays started coverage on EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price on the stock. Citigroup lifted their target price on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Raymond James cut their price objective on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Finally, Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Stock Performance

Shares of NYSE:EOG traded up $0.34 during trading on Friday, hitting $135.70. 1,841,074 shares of the company traded hands, compared to its average volume of 2,825,198. The stock has a market capitalization of $78.06 billion, a price-to-earnings ratio of 10.43 and a beta of 1.40. The business’s fifty day moving average is $125.70 and its 200-day moving average is $122.44. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the company posted $3.30 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities analysts predict that EOG Resources, Inc. will post 12.3 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

EOG Resources Company 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.