Levin Capital Strategies L.P. Boosts Position in EOG Resources Inc (EOG)

Levin Capital Strategies L.P. increased its position in shares of EOG Resources Inc (NYSE:EOG) by 8.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 438,051 shares of the energy exploration company’s stock after buying an additional 35,097 shares during the period. Levin Capital Strategies L.P.’s holdings in EOG Resources were worth $38,202,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of EOG Resources by 0.6% during the third quarter. Vanguard Group Inc. now owns 43,778,579 shares of the energy exploration company’s stock worth $5,584,833,000 after buying an additional 268,736 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of EOG Resources by 0.6% during the third quarter. Vanguard Group Inc now owns 43,778,579 shares of the energy exploration company’s stock worth $5,584,833,000 after buying an additional 268,736 shares in the last quarter. FMR LLC grew its holdings in shares of EOG Resources by 4.1% during the third quarter. FMR LLC now owns 26,769,668 shares of the energy exploration company’s stock worth $3,415,007,000 after buying an additional 1,059,509 shares in the last quarter. Capital International Investors grew its holdings in shares of EOG Resources by 340.9% during the third quarter. Capital International Investors now owns 20,306,554 shares of the energy exploration company’s stock worth $2,590,507,000 after buying an additional 15,701,069 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in EOG Resources by 4.7% in the third quarter. Alliancebernstein L.P. now owns 5,332,917 shares of the energy exploration company’s stock valued at $680,320,000 after purchasing an additional 238,860 shares in the last quarter. Institutional investors and hedge funds own 86.41% of the company’s stock.

In other news, EVP Ezra Y. Yacob sold 2,388 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $98.77, for a total value of $235,862.76. Following the completion of the sale, the executive vice president now directly owns 45,424 shares of the company’s stock, valued at $4,486,528.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank G. Wisner sold 3,150 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $92.60, for a total value of $291,690.00. Following the completion of the sale, the director now directly owns 116,586 shares of the company’s stock, valued at $10,795,863.60. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

A number of research analysts have weighed in on EOG shares. Raymond James decreased their price target on EOG Resources from $162.00 to $145.00 and set an “outperform” rating for the company in a research note on Tuesday, November 6th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research note on Tuesday, October 16th. MKM Partners started coverage on EOG Resources in a research note on Wednesday, December 5th. They issued a “buy” rating and a $133.00 price target for the company. ValuEngine downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Finally, KeyCorp started coverage on EOG Resources in a research note on Thursday, January 31st. They issued a “sector weight” rating for the company. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and a consensus target price of $131.04.

EOG opened at $91.96 on Monday. EOG Resources Inc has a 12-month low of $82.04 and a 12-month high of $133.53. The company has a market capitalization of $53.64 billion, a PE ratio of 82.11, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.28.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Thursday, January 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, January 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.96%. EOG Resources’s payout ratio is 78.57%.

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About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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