Transform Wealth LLC Purchases Shares of 5,972 EOG Resources, Inc. (NYSE:EOG)

Transform Wealth LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, HoldingsChannel reports. The fund purchased 5,972 shares of the energy exploration company’s stock, valued at approximately $732,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its stake in EOG Resources by 0.4% in the second quarter. Sei Investments Co. now owns 301,099 shares of the energy exploration company’s stock valued at $37,900,000 after acquiring an additional 1,120 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of EOG Resources by 0.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 242,948 shares of the energy exploration company’s stock valued at $30,580,000 after buying an additional 1,787 shares in the last quarter. ProShare Advisors LLC lifted its position in EOG Resources by 7.6% in the 2nd quarter. ProShare Advisors LLC now owns 111,102 shares of the energy exploration company’s stock worth $13,984,000 after buying an additional 7,873 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in EOG Resources by 400.5% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,953 shares of the energy exploration company’s stock worth $372,000 after buying an additional 2,363 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in EOG Resources by 2.1% in the second quarter. EverSource Wealth Advisors LLC now owns 6,078 shares of the energy exploration company’s stock worth $771,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG stock opened at $136.09 on Wednesday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $76.54 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 3.77 and a beta of 1.29. The business’s fifty day moving average is $129.04 and its 200 day moving average is $127.14. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.16. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the firm earned $3.44 EPS. Research analysts expect that EOG Resources, Inc. will post 11.45 EPS for the current fiscal year.

EOG Resources declared that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to repurchase up to 7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 2.87%. This is a positive change 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 presently 31.40%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now owns 43,532 shares of the company’s stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EOG shares. Truist Financial boosted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Evercore ISI lowered their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Mizuho reduced their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Finally, Barclays reduced their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.48.

About EOG Resources

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.