TrinityPoint Wealth LLC Has $743,000 Stake in EOG Resources, Inc. (NYSE:EOG)

TrinityPoint Wealth LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 8.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,065 shares of the energy exploration company’s stock after buying an additional 475 shares during the period. TrinityPoint Wealth LLC’s holdings in EOG Resources were worth $743,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. State of Wyoming increased its position in EOG Resources by 108.0% during the fourth quarter. State of Wyoming now owns 2,051 shares of the energy exploration company’s stock worth $251,000 after buying an additional 1,065 shares during the last quarter. Thomist Capital Management LP acquired a new position in EOG Resources during the fourth quarter worth $2,022,000. Toronto Dominion Bank increased its position in EOG Resources by 6.1% during the fourth quarter. Toronto Dominion Bank now owns 325,238 shares of the energy exploration company’s stock worth $39,867,000 after buying an additional 18,709 shares during the last quarter. Scientech Research LLC acquired a new position in EOG Resources during the fourth quarter worth $1,285,000. Finally, Snowden Capital Advisors LLC increased its position in EOG Resources by 25.3% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,072 shares of the energy exploration company’s stock worth $1,480,000 after buying an additional 2,440 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the 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 transaction, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

EOG Resources Stock Down 0.4%

NYSE EOG opened at $115.43 on Monday. 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 firm has a 50-day simple moving average of $115.84 and a 200 day simple moving average of $124.32. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock has a market cap of $63.00 billion, a PE ratio of 9.29, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last released its 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. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter last year, the company earned $2.82 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. KeyCorp decreased their price target 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 decreased their price target for the company from $150.00 to $130.00 in a report on Friday, April 11th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Raymond James restated a “strong-buy” rating and set a $140.00 price target on shares of EOG Resources in a report on Monday, April 21st. Finally, Citigroup decreased their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.63.

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.