Transamerica Financial Advisors LLC Makes New Investment in EOG Resources, Inc. $EOG

Key Points

• Transamerica Financial Advisors acquired 8,097 EOG Resources shares worth approximately $1.05 million in the second quarter. Institutional investors collectively own 89.91% of the company.
• EOG reported quarterly earnings of $5.07 per share, exceeding estimates, while revenue rose 57.4% year over year to $8.62 billion.
• Analysts maintain a consensus “Hold” rating with an average $156 price target. EOG also declared a $1.02 quarterly dividend, representing a 2.8% annualized yield.

Transamerica Financial Advisors LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,097 shares of the energy exploration company's stock, valued at approximately $1,051,000.

Several other large investors have also made changes to their positions in the business. SJS Investment Consulting Inc. raised its holdings in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Financial Life Planners purchased a new stake in EOG Resources in the first quarter valued at $30,000. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources during the 4th quarter worth about $25,000. Wedbush Fund Advisers LLC acquired a new stake in EOG Resources during the 2nd quarter worth about $31,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of EOG Resources during the 4th quarter valued at about $26,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the firm's 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 sale, the chief executive officer directly owned 242,451 shares of the company's stock, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EOG. 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 report on Thursday, August 13th. Mizuho set a $157.00 price target on EOG Resources and gave the company a "neutral" rating in a research report on Wednesday, May 27th. Capital One Financial cut EOG Resources from an "overweight" rating to an "equal weight" rating and set a $153.00 price target for the company. in a research report on Wednesday. Stephens decreased their price target on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Finally, UBS Group lowered their price objective on EOG Resources from $168.00 to $158.00 and set a "buy" rating on the stock in a research report on Thursday, July 2nd. One research 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 MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $156.00.

EOG Resources Trading Down 1.3%

Shares of EOG Resources stock opened at $144.95 on Thursday. The firm has a 50-day simple moving average of $139.64 and a two-hundred day simple moving average of $135.92. The company has a market cap of $76.03 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $8.04 billion. During the same period last year, the firm earned $2.32 EPS. The company's quarterly revenue was up 57.4% on a year-over-year basis. As a group, equities analysts predict that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $1.02 per share. 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%.

About EOG Resources

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.

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