Alliancebernstein L.P. Has $696.99 Million Position in EOG Resources, Inc. (NYSE:EOG)

Alliancebernstein L.P. lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,686,003 shares of the energy exploration company's stock after purchasing an additional 365,115 shares during the quarter. Alliancebernstein L.P. owned about 1.01% of EOG Resources worth $696,990,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Townsquare Capital LLC increased its position in shares of EOG Resources by 15.5% during the third quarter. Townsquare Capital LLC now owns 18,811 shares of the energy exploration company's stock worth $2,312,000 after acquiring an additional 2,521 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $1,410,000. FSA Wealth Management LLC bought a new stake in EOG Resources in the third quarter valued at $59,000. Benjamin Edwards Inc. boosted its stake in EOG Resources by 2,590.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 302,504 shares of the energy exploration company's stock valued at $37,190,000 after purchasing an additional 291,262 shares during the period. Finally, Community Bank N.A. grew its holdings in EOG Resources by 11.6% in the 3rd quarter. Community Bank N.A. now owns 11,362 shares of the energy exploration company's stock worth $1,397,000 after buying an additional 1,183 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EOG shares. Citigroup decreased their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Mizuho reaffirmed a "neutral" rating and set a $140.00 target price (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Truist Financial lifted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, Williams Trading set a $154.00 price target on EOG Resources in a research note on Wednesday, March 5th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $144.67.

Remove Ads

EOG Resources Price Performance

NYSE EOG traded up $1.02 during trading hours on Tuesday, reaching $129.26. 1,926,383 shares of the company's stock were exchanged, compared to its average volume of 3,099,855. 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 $71.60 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $127.93 and a 200-day moving average of $127.92.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.96 billion. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.02%. EOG Resources's payout ratio is presently 34.73%.

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.