Machina Capital S.A.S. Takes Position in EOG Resources, Inc. $EOG

Machina Capital S.A.S. acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 45,136 shares of the energy exploration company’s stock, valued at approximately $5,061,000. EOG Resources makes up approximately 0.9% of Machina Capital S.A.S.’s portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of EOG. Caitong International Asset Management Co. Ltd raised its position in shares of EOG Resources by 10,950.0% in the second 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. JCIC Asset Management Inc. bought a new position in EOG Resources in the 3rd quarter worth about $32,000. Keener Financial Planning LLC purchased a new stake in shares of EOG Resources in the 2nd quarter valued at about $35,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of EOG Resources during the 2nd quarter valued at about $35,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after purchasing an additional 178 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Piper Sandler set a $123.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Jefferies Financial Group set a $140.00 price target on shares of EOG Resources in a report on Wednesday, January 14th. Barclays dropped their price objective on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Finally, Siebert Williams Shank lowered their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $134.07.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Stock Up 1.8%

EOG opened at $110.39 on Wednesday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $135.87. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $107.06 and its 200-day moving average price is $111.57. The company has a market cap of $59.90 billion, a P/E ratio of 10.99 and a beta of 0.49.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the business posted $2.89 EPS. EOG Resources’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.