Transform Wealth LLC Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Transform Wealth LLC bought a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,972 shares of the energy exploration company's stock, valued at approximately $732,000.

Other institutional investors have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in EOG Resources during the third quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $27,000. Eastern Bank bought a new position in EOG Resources during the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in EOG Resources during the 3rd quarter worth approximately $31,000. Finally, HM Payson & Co. grew its holdings in shares of EOG Resources by 203.7% in the 3rd quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock valued at $40,000 after buying an additional 220 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EOG has been the subject of several research analyst reports. KeyCorp decreased their price objective on EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $150.00 target price on shares of EOG Resources in a research report on Monday, January 6th. Barclays decreased their price objective on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a research report on Thursday, October 3rd. Bank of America reissued a "neutral" rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, StockNews.com raised shares of EOG Resources from a "hold" rating to a "buy" rating in a report on Wednesday. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $143.48.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction on 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 directly owns 42,703 shares of the company's stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet F. Clark sold 568 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now directly owns 43,532 shares of the company's stock, valued at approximately $5,891,185.56. The trade was 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.

EOG Resources Trading Down 1.4 %

EOG stock traded down $1.97 during midday trading on Wednesday, hitting $134.07. The stock had a trading volume of 3,376,455 shares, compared to its average volume of 3,326,396. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market cap of $75.41 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 3.77 and a beta of 1.29. The business has a fifty day moving average price of $129.10 and a two-hundred day moving average price of $127.22. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.73 by $0.16. The company had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same quarter in the prior year, the company earned $3.44 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.45 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.91%. This is a boost 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%.

EOG Resources announced that its Board of Directors has approved a share repurchase program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

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.