Transcend Capital Advisors LLC Acquires 1,212 Shares of EOG Resources, Inc. (NYSE:EOG)

Transcend Capital Advisors LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 29.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,379 shares of the energy exploration company’s stock after buying an additional 1,212 shares during the quarter. Transcend Capital Advisors LLC’s holdings in EOG Resources were worth $659,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EOG. Insight Inv LLC grew its position in EOG Resources by 0.8% in the 3rd quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after acquiring an additional 75 shares during the last quarter. Essex Financial Services Inc. grew its holdings in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after purchasing an additional 79 shares during the last quarter. Valmark Advisers Inc. grew its holdings in shares of EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after purchasing an additional 79 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in EOG Resources by 3.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company’s stock worth $358,000 after acquiring an additional 84 shares in the last quarter. Finally, Grove Bank & Trust grew its stake in EOG Resources by 10.0% in the 4th quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company’s stock worth $114,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $133.10 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market cap of $74.86 billion, a PE ratio of 10.72, a P/E/G ratio of 3.58 and a beta of 1.27. The business has a 50-day simple moving average of $128.36 and a two-hundred day simple moving average of $127.75. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week high of $139.67.

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

Analysts Set New Price Targets

A number of brokerages have commented on EOG. Raymond James upped their target price on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Citigroup increased their price target on EOG Resources from $127.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, Piper Sandler increased their target price on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $144.14.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

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.