Marco Investment Management LLC Has $3.54 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Marco Investment Management LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 29,293 shares of the energy exploration company’s stock after acquiring 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 institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. bought a new stake in EOG Resources in the 3rd quarter valued at $4,431,000. TIAA Trust National Association lifted its position in EOG Resources by 639.3% during the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after buying an additional 49,840 shares in the last quarter. AIA Group Ltd lifted its position in EOG Resources by 128.0% during the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after buying an additional 5,728 shares in the last quarter. L. Roy Papp & Associates LLP lifted its position in EOG Resources by 18.3% during the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after buying an additional 26,026 shares in the last quarter. Finally, Yacktman Asset Management LP lifted its position in EOG Resources by 4.8% during the 4th quarter. Yacktman Asset Management LP now owns 1,789,433 shares of the energy exploration company’s stock worth $216,432,000 after buying an additional 82,302 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. TD Securities decreased their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research report on Tuesday, April 9th. KeyCorp increased their target price on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.19.

EOG Resources Stock Up 0.3 %

Shares of EOG Resources stock traded up $0.34 during trading on Friday, hitting $135.70. The company’s stock had a trading volume of 1,841,074 shares, compared to its average volume of 2,825,198. The company has a market capitalization of $78.06 billion, a PE ratio of 10.43 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67. The company has a fifty day simple moving average of $125.70 and a two-hundred day simple moving average of $122.44.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio is currently 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.