Tritonpoint Wealth LLC Has $8.18 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Tritonpoint Wealth LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.1% during the first quarter, Holdings Channel.com reports. The firm owned 63,790 shares of the energy exploration company’s stock after acquiring an additional 1,296 shares during the quarter. Tritonpoint Wealth LLC’s holdings in EOG Resources were worth $8,180,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mountain Lake Investment Management LLC bought a new position in EOG Resources during the fourth quarter worth $735,000. Silvercrest Asset Management Group LLC increased its stake in EOG Resources by 14.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock valued at $101,256,000 after purchasing an additional 106,677 shares in the last quarter. Marble Harbor Investment Counsel LLC increased its stake in EOG Resources by 3.2% in the fourth quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company’s stock valued at $12,630,000 after purchasing an additional 3,150 shares in the last quarter. Northside Capital Management LLC bought a new stake in EOG Resources in the first quarter valued at $27,102,000. Finally, Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after purchasing an additional 781,282 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 4.1%

Shares of EOG opened at $125.52 on Friday. The stock has a market capitalization of $68.50 billion, a P/E ratio of 10.11, a PEG ratio of 3.58 and a beta of 0.74. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $111.99 and a two-hundred day simple moving average of $121.90. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.25%. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources’s dividend payout ratio (DPR) is currently 36.18%.

Analyst Ratings Changes

EOG has been the subject of a number of analyst reports. Williams Trading set a $154.00 price objective on shares of EOG Resources in a report on Wednesday, March 5th. KeyCorp reduced their price objective on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and reduced their price objective for the company from $150.00 to $130.00 in a report on Friday, April 11th. Mizuho reduced their price objective on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Finally, Wells Fargo & Company reduced their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.