Transamerica Financial Advisors Inc. Sells 273 Shares of EOG Resources, Inc. (NYSE:EOG)

Transamerica Financial Advisors Inc. reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other large investors have also bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources in the third quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in shares of EOG Resources during the second quarter valued at $27,000. MFA Wealth Advisors LLC bought a new position in EOG Resources in the second quarter valued at about $28,000. Eastern Bank acquired a new stake in EOG Resources in the third quarter worth about $28,000. Finally, Gladius Capital Management LP bought a new stake in EOG Resources during the 2nd quarter worth about $30,000. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EOG shares. Evercore ISI reduced their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Citigroup upped their target price on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group decreased their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. KeyCorp cut their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Truist Financial upped their price target on EOG Resources from $115.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Fifteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $144.20.

EOG Resources Stock Up 0.4 %

EOG Resources stock opened at $132.54 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a fifty day simple moving average of $128.34 and a 200 day simple moving average of $126.18. The company has a market cap of $74.55 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 3.51 and a beta of 1.28.

EOG Resources declared that its board has authorized a stock repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. 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. EOG Resources’s payout ratio is currently 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.