Transamerica Financial Advisors Inc. Has $743,000 Position in EOG Resources, Inc. (NYSE:EOG)

Transamerica Financial Advisors Inc. trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,040 shares of the energy exploration company’s stock after selling 273 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in EOG Resources were worth $743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. Avestar Capital LLC boosted its stake in EOG Resources by 37.8% in the 3rd quarter. Avestar Capital LLC now owns 2,594 shares of the energy exploration company’s stock valued at $319,000 after purchasing an additional 711 shares during the period. Brooklyn Investment Group lifted its holdings in shares of EOG Resources by 11.8% during the third quarter. Brooklyn Investment Group now owns 3,283 shares of the energy exploration company’s stock worth $404,000 after buying an additional 347 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of EOG Resources in the third quarter valued at about $1,443,000. D.A. Davidson & CO. increased its position in EOG Resources by 3.2% during the third quarter. D.A. Davidson & CO. now owns 202,850 shares of the energy exploration company’s stock worth $24,936,000 after acquiring an additional 6,216 shares during the period. Finally, Dai ichi Life Insurance Company Ltd boosted its holdings in EOG Resources by 0.6% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 45,725 shares of the energy exploration company’s stock valued at $5,621,000 after purchasing an additional 279 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the transaction, the director now owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of EOG Resources from $135.00 to $147.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Piper Sandler downgraded EOG Resources from an “overweight” rating to a “neutral” rating and upped their target price for the company from $147.00 to $149.00 in a research report on Monday, November 18th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Morgan Stanley dropped their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, UBS Group reduced their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $144.20.

EOG Resources Stock Performance

NYSE EOG opened at $132.54 on Wednesday. The company has a market capitalization of $74.55 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 3.51 and a beta of 1.28. 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 $108.94 and a twelve month high of $139.67. The stock has a fifty day simple moving average of $128.34 and a 200 day simple moving average of $126.18.

EOG Resources announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

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.