TritonPoint Partners LLC Acquires New Position in EOG Resources, Inc. $EOG

TritonPoint Partners LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,588 shares of the energy exploration company’s stock, valued at approximately $482,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. Legal & General Group Plc grew its holdings in EOG Resources by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after buying an additional 68,888 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after buying an additional 7,877 shares in the last quarter. L2 Asset Management LLC grew its holdings in EOG Resources by 69.6% during the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after buying an additional 7,940 shares in the last quarter. Alberta Investment Management Corp grew its holdings in EOG Resources by 254.5% during the 3rd quarter. Alberta Investment Management Corp now owns 19,500 shares of the energy exploration company’s stock valued at $2,186,000 after buying an additional 14,000 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in EOG Resources by 20.7% during the 3rd quarter. Fiera Capital Corp now owns 68,635 shares of the energy exploration company’s stock valued at $7,695,000 after buying an additional 11,774 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Raymond James Financial lifted their target price on EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, March 27th. Jefferies Financial Group lifted their target price on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a report on Monday, April 13th. UBS Group lifted their target price on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Stephens reduced their target price on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Finally, Truist Financial lifted their target price on EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Stock Down 0.2%

EOG stock opened at $136.42 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $137.04 and its 200 day moving average is $123.99. The stock has a market cap of $72.66 billion, a price-to-earnings ratio of 13.43 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

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

EOG Resources Dividend Announcement

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

Insider Activity at EOG Resources

In related news, 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 directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by corporate insiders.

About EOG Resources

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.