Transamerica Financial Advisors LLC Acquires Shares of 8,097 EOG Resources, Inc. $EOG

Transamerica Financial Advisors LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, HoldingsChannel reports. The firm bought 8,097 shares of the energy exploration company’s stock, valued at approximately $1,051,000.

A number of other institutional investors and hedge funds have also modified their holdings of EOG. SJS Investment Consulting Inc. boosted its holdings in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares during the last quarter. Financial Life Planners purchased a new stake in EOG Resources during the 1st quarter worth approximately $30,000. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at approximately $25,000. Wedbush Fund Advisers LLC acquired a new position in shares of EOG Resources during the second quarter valued at approximately $31,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EOG. Stephens lowered their price target on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. Wells Fargo & Company reissued an “overweight” rating and issued a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. Sanford C. Bernstein decreased their price objective on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Capital One Financial cut shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price on the stock. in a research note on Wednesday. Finally, UBS Group dropped their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $156.00.

EOG Resources Trading Down 1.3%

Shares of EOG opened at $144.95 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The firm has a 50-day moving average price of $139.64 and a 200 day moving average price of $135.92. The firm has a market capitalization of $76.03 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.54 and a beta of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. EOG Resources’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.32 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources’s dividend payout ratio is currently 31.75%.

Insider Buying and Selling

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.