Transcend Capital Advisors LLC Buys 1,918 Shares of EOG Resources, Inc. (NYSE:EOG)

Transcend Capital Advisors LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 95.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,933 shares of the energy exploration company’s stock after buying an additional 1,918 shares during the period. Transcend Capital Advisors LLC’s holdings in EOG Resources were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Confluence Investment Management LLC grew its holdings in shares of EOG Resources by 0.7% during the 2nd quarter. Confluence Investment Management LLC now owns 193,181 shares of the energy exploration company’s stock worth $24,316,000 after acquiring an additional 1,255 shares during the period. Abich Financial Wealth Management LLC grew its holdings in shares of EOG Resources by 67.2% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,257 shares of the energy exploration company’s stock worth $161,000 after acquiring an additional 505 shares during the period. American Trust grew its holdings in shares of EOG Resources by 35.9% during the 1st quarter. American Trust now owns 36,543 shares of the energy exploration company’s stock worth $4,672,000 after acquiring an additional 9,647 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of EOG Resources by 11.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,279,954 shares of the energy exploration company’s stock worth $160,935,000 after purchasing an additional 127,615 shares in the last quarter. Finally, Motiv8 Investments LLC boosted its position in shares of EOG Resources by 29.9% in the 1st quarter. Motiv8 Investments LLC now owns 4,643 shares of the energy exploration company’s stock worth $594,000 after purchasing an additional 1,070 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,512 shares of company stock worth $2,144,972. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on EOG shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a research report on Wednesday, July 10th. Citigroup boosted their price target on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Barclays initiated coverage on EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective on the stock. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Finally, Mizuho upped their price objective on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Fifteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $143.20.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $0.19 during midday trading on Friday, hitting $122.92. The company had a trading volume of 6,668,943 shares, compared to its average volume of 2,636,904. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company has a market cap of $70.64 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a fifty day moving average of $124.57 and a two-hundred day moving average of $123.69.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. EOG Resources’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.49 EPS. On average, equities research analysts expect that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.96%. EOG Resources’s payout ratio is presently 28.75%.

EOG Resources 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.