Alliancebernstein L.P. Has $568.91 Million Position in EOG Resources, Inc. (NYSE:EOG)

Alliancebernstein L.P. lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG – Get Rating) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,404,470 shares of the energy exploration company’s stock after purchasing an additional 715,705 shares during the quarter. Alliancebernstein L.P. owned 1.09% of EOG Resources worth $568,909,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP raised its position in EOG Resources by 116.1% in the 4th quarter. First Trust Advisors LP now owns 903,859 shares of the energy exploration company’s stock valued at $80,290,000 after buying an additional 485,689 shares during the last quarter. NorthCoast Asset Management LLC acquired a new stake in EOG Resources in the 3rd quarter valued at approximately $18,398,000. Brookstone Capital Management bought a new position in EOG Resources in the fourth quarter valued at approximately $353,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in EOG Resources in the fourth quarter valued at approximately $89,000. Finally, Clark Capital Management Group Inc. bought a new position in EOG Resources in the third quarter valued at approximately $25,566,000. 85.87% of the stock is currently owned by institutional investors and hedge funds.

EOG has been the subject of a number of analyst reports. Raymond James upgraded EOG Resources from an “outperform” rating to a “strong-buy” rating and set a $170.00 price target for the company in a research note on Tuesday, May 10th. Susquehanna raised their price target on EOG Resources from $135.00 to $147.00 in a research note on Monday, April 25th. Zacks Investment Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating and set a $136.00 price target for the company. in a research note on Tuesday. Morgan Stanley raised their price target on EOG Resources from $121.00 to $152.00 and gave the company an “equal weight” rating in a research note on Friday, April 22nd. Finally, Johnson Rice upgraded EOG Resources from a “hold” rating to a “buy” rating and lifted their target price for the stock from $155.00 to $165.00 in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $137.13.

In other news, EVP Jeffrey R. Leitzell sold 4,662 shares of the business’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of $121.48, for a total transaction of $566,339.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ann D. Janssen sold 3,688 shares of the business’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of $121.96, for a total value of $449,788.48. The disclosure for this sale can be found here. Insiders have sold a total of 19,677 shares of company stock valued at $2,343,086 in the last three months. 0.40% of the stock is owned by insiders.

NYSE EOG traded up $3.13 during midday trading on Friday, hitting $136.85. The company had a trading volume of 2,940,982 shares, compared to its average volume of 4,555,630. The company has a market capitalization of $80.15 billion, a PE ratio of 18.27, a P/E/G ratio of 0.25 and a beta of 1.68. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $122.21 and a 200-day moving average price of $108.55. EOG Resources, Inc. has a twelve month low of $62.81 and a twelve month high of $136.94.

EOG Resources (NYSE:EOG – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The energy exploration company reported $4.00 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.31. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $5.62 billion. EOG Resources had a return on equity of 29.77% and a net margin of 23.12%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 16.4 EPS for the current year.

The firm also recently declared a None dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $1.80 per share. The ex-dividend date is Tuesday, June 14th. EOG Resources’s dividend payout ratio (DPR) is currently 40.05%.

EOG Resources Profile (Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

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