TritonPoint Partners LLC Makes New $482,000 Investment in EOG Resources, Inc. $EOG

TritonPoint Partners LLC bought a new position in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, HoldingsChannel.com reports. The fund bought 4,588 shares of the energy exploration company’s stock, valued at approximately $482,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources in the fourth quarter worth approximately $25,000. Gen Wealth Partners Inc purchased a new stake in EOG Resources in the fourth quarter worth approximately $30,000. Nemes Rush Group LLC purchased a new stake in EOG Resources in the fourth quarter worth approximately $30,000. Olistico Wealth LLC purchased a new stake in EOG Resources in the fourth quarter worth approximately $33,000. Finally, Physician Wealth Advisors Inc. boosted its stake in EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $136.42 on Monday. The firm has a market cap of $72.66 billion, a PE ratio of 13.43 and a beta of 0.25. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The business has a 50 day moving average price of $137.04 and a 200-day moving average price of $123.99.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.87 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EOG shares. The Goldman Sachs Group upped their target price on EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Zacks Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Stephens dropped their price objective on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. Morgan Stanley increased their price objective on EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings raised EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $156.32.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is owned by corporate insiders.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.