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

Alliancebernstein L.P. grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,686,003 shares of the energy exploration company’s stock after acquiring an additional 365,115 shares during the quarter. Alliancebernstein L.P.’s holdings in EOG Resources were worth $696,990,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Townsquare Capital LLC raised its position in shares of EOG Resources by 15.5% in the 3rd quarter. Townsquare Capital LLC now owns 18,811 shares of the energy exploration company’s stock valued at $2,312,000 after buying an additional 2,521 shares in the last quarter. Edgestream Partners L.P. acquired a new position in EOG Resources during the third quarter valued at approximately $1,410,000. FSA Wealth Management LLC bought a new stake in EOG Resources during the third quarter worth $59,000. Benjamin Edwards Inc. boosted its holdings in shares of EOG Resources by 2,590.8% in 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 in the last quarter. Finally, Community Bank N.A. increased its stake in shares of 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 valued at $1,397,000 after purchasing an additional 1,183 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on EOG shares. Truist Financial raised their price objective on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. UBS Group decreased their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research note on Wednesday, March 5th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Citigroup dropped their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $144.67.

EOG Resources Trading Down 0.1 %

EOG opened at $126.55 on Monday. The stock has a market cap of $70.10 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. The company has a fifty day moving average of $128.23 and a 200-day moving average of $127.78.

EOG Resources (NYSE:EOG) 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 return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis 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%.

Insider Transactions at EOG Resources

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

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.