Marco Investment Management LLC Increases Holdings in EOG Resources, Inc. $EOG

Marco Investment Management LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 37,075 shares of the energy exploration company’s stock after buying an additional 800 shares during the period. Marco Investment Management LLC’s holdings in EOG Resources were worth $4,435,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EOG. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after buying an additional 219 shares in the last quarter. Saudi Central Bank acquired a new stake in EOG Resources in the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. acquired a new stake in EOG Resources in the 2nd quarter valued at about $29,000. Finally, ORG Partners LLC increased its holdings in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EOG shares. Piper Sandler set a $129.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a report on Tuesday, October 21st. Morgan Stanley cut their price objective on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. KeyCorp reduced their target price on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Jefferies Financial Group set a $145.00 price target on EOG Resources in a research report on Sunday, October 12th. Finally, UBS Group boosted their price target on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $140.76.

EOG Resources Stock Performance

Shares of EOG opened at $105.19 on Friday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company’s 50 day simple moving average is $112.35 and its 200 day simple moving average is $115.57. The company has a market capitalization of $57.44 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 8.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the company earned $2.89 EPS. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.9%. EOG Resources’s payout ratio is currently 39.65%.

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.