Transamerica Financial Advisors Inc. Increases Position in EOG Resources, Inc. (NYSE:EOG)

Transamerica Financial Advisors Inc. raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,604 shares of the energy exploration company’s stock after purchasing an additional 564 shares during the period. Transamerica Financial Advisors Inc.’s holdings in EOG Resources were worth $810,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd raised its stake in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources during the 4th quarter valued at $27,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EOG shares. Williams Trading set a $154.00 price target on shares of EOG Resources in a research note on Wednesday, March 5th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Barclays lowered their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Finally, Mizuho reiterated a “neutral” rating and set a $140.00 price target (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Thirteen research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $144.67.

EOG Resources Stock Down 0.1 %

Shares of NYSE:EOG opened at $126.55 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week high of $139.67. The firm has a market capitalization of $70.10 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.58 and a beta of 1.25. The stock has a 50 day moving average price of $128.23 and a 200-day moving average price of $127.71.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS 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 issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

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.