Mach 1 Financial Group LLC Has $3.44 Million Position in EOG Resources, Inc. (NYSE:EOG)

Mach 1 Financial Group LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 233.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,479 shares of the energy exploration company’s stock after purchasing an additional 19,945 shares during the quarter. EOG Resources comprises 1.3% of Mach 1 Financial Group LLC’s portfolio, making the stock its 20th biggest holding. Mach 1 Financial Group LLC’s holdings in EOG Resources were worth $3,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EOG. Covestor Ltd grew its holdings in shares of EOG Resources by 7.2% in the 3rd quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after buying an additional 82 shares during the period. ORG Partners LLC grew its holdings in shares of EOG Resources by 1.0% in the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock valued at $1,118,000 after buying an additional 84 shares during the period. Sandy Spring Bank grew its holdings in shares of EOG Resources by 1.0% in the 3rd quarter. Sandy Spring Bank now owns 9,077 shares of the energy exploration company’s stock valued at $1,151,000 after buying an additional 86 shares during the period. Bison Wealth LLC grew its holdings in shares of EOG Resources by 1.6% in the 3rd quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock valued at $682,000 after buying an additional 86 shares during the period. Finally, Fragasso Group Inc. grew its holdings in shares of EOG Resources by 2.2% in the 4th quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock valued at $473,000 after buying an additional 86 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EOG. Mizuho upped their target price on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Citigroup upped their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Morgan Stanley upped their target price on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Piper Sandler upped their target price on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Thirteen 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $142.27.

EOG Resources Stock Performance

EOG Resources stock traded down $4.12 during trading hours on Tuesday, hitting $132.13. The company had a trading volume of 3,422,812 shares, compared to its average volume of 3,353,283. The firm has a market cap of $76.00 billion, a PE ratio of 10.16 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The firm has a 50-day moving average of $126.53 and a 200 day moving average of $122.48.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.30 earnings per share. On average, sell-side analysts expect that EOG Resources, Inc. will post 12.3 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.75%. EOG Resources’s dividend payout ratio is currently 27.98%.

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.