Alliancebernstein L.P. Acquires 365,115 Shares of EOG Resources, Inc. (NYSE:EOG)

Alliancebernstein L.P. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,686,003 shares of the energy exploration company’s stock after purchasing an additional 365,115 shares during the period. Alliancebernstein L.P. owned approximately 1.01% of EOG Resources worth $696,990,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Financial Life Planners acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter worth about $27,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Piper Sandler cut their price objective on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $144.67.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

EOG Resources Trading Down 0.1 %

EOG stock opened at $126.55 on Monday. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The stock has a market cap of $70.10 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a fifty day moving average price of $128.23 and a two-hundred day moving average price of $127.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

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.