Trivium Point Advisory LLC Invests $2.28 Million in EOG Resources, Inc. $EOG

Trivium Point Advisory LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 17,587 shares of the energy exploration company’s stock, valued at approximately $2,282,000.

Other hedge funds have also recently made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth $25,000. SJS Investment Consulting Inc. increased its position in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares in the last quarter. Prosperity Bancshares Inc bought a new position in EOG Resources in the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources in the 4th quarter worth $30,000. Finally, Financial Life Planners purchased a new stake in shares of EOG Resources during the first quarter valued at $30,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 0.0%

Shares of EOG stock opened at $142.55 on Monday. The company’s fifty day simple moving average is $137.57 and its two-hundred day simple moving average is $133.80. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The stock has a market cap of $74.77 billion, a P/E ratio of 11.09 and a beta of 0.25. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.32 earnings per share. Analysts predict that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EOG shares. Susquehanna reissued a “positive” rating and set a $170.00 price objective (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. JPMorgan Chase & Co. cut their price objective on EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Barclays increased their target price on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. The Goldman Sachs Group lowered their price target on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Finally, Roth Capital restated a “neutral” rating and set a $138.00 price objective on shares of EOG Resources in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $156.21.

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.