16,896 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Allstate Corp

Allstate Corp acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,896 shares of the energy exploration company's stock, valued at approximately $2,071,000.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd lifted its holdings 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 worth $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC purchased a new position in EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources in the 4th quarter worth approximately $27,000. Institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

EOG has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. 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 report on Thursday, March 13th. Benchmark reiterated a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Piper Sandler lowered their price objective on EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $144.67.

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EOG Resources Trading Up 0.8 %

NYSE:EOG traded up $1.02 during mid-day trading on Tuesday, hitting $129.26. 1,926,383 shares of the stock traded hands, compared to its average volume of 3,098,667. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $71.60 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The firm's 50 day moving average is $128.06 and its two-hundred day moving average is $127.85.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating 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 company 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 year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.02%. The ex-dividend date 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.