Transce3nd LLC Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Transce3nd LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, Holdings Channel.com reports. The fund acquired 614 shares of the energy exploration company’s stock, valued at approximately $75,000.

Several other hedge funds also recently added to or reduced their stakes in EOG. Financial Life Planners acquired a new position in shares of EOG Resources during the fourth quarter valued at about $25,000. Y.D. More Investments Ltd raised its holdings in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources in the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources during the 4th quarter valued at about $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on EOG. Raymond James upped their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley decreased their target price on shares of EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Barclays reduced their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Wells Fargo & Company reduced their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Citigroup cut their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Twelve 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, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $143.71.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

EOG Resources Trading Down 1.2 %

Shares of EOG stock opened at $109.15 on Tuesday. The stock’s fifty day moving average is $121.90 and its two-hundred day moving average is $126.24. The firm has a market capitalization of $60.20 billion, a P/E ratio of 8.79, a PEG ratio of 3.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. Research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.57%. EOG Resources’s dividend payout ratio is presently 34.73%.

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.