Tritonpoint Wealth LLC Has $4.16 Million Holdings in EOG Resources, Inc. $EOG

Key Points

• Tritonpoint Wealth LLC cut its stake in EOG by 27.3% in Q4, selling 14,840 shares and now holds 39,567 shares valued at about $4.155 million.
• EOG beat Q4 estimates with EPS of $2.27 (vs. $2.20) and revenue of $5.64B (vs. $5.36B), and announced a $1.02 quarterly dividend (annualized $4.08, ~2.9% yield).
• Insiders sold stock in March (CFO sold 4,161 shares at ~$140 and COO sold 5,698 at ~$150), with insiders offloading 18,230 shares (~$2.52M) in the past three months while institutional investors own about 89.9% of the company.

Tritonpoint Wealth LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,567 shares of the energy exploration company's stock after selling 14,840 shares during the quarter. Tritonpoint Wealth LLC's holdings in EOG Resources were worth $4,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of EOG Resources by 460.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,856 shares of the energy exploration company's stock worth $195,000 after purchasing an additional 1,525 shares in the last quarter. Evexia Wealth LLC increased its stake in EOG Resources by 1.2% during the 4th quarter. Evexia Wealth LLC now owns 33,123 shares of the energy exploration company's stock valued at $3,668,000 after purchasing an additional 385 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in EOG Resources by 29.5% during the 4th quarter. YHB Investment Advisors Inc. now owns 3,094 shares of the energy exploration company's stock valued at $325,000 after purchasing an additional 705 shares in the last quarter. Ellsworth Advisors LLC raised its holdings in EOG Resources by 13.7% during the fourth quarter. Ellsworth Advisors LLC now owns 36,495 shares of the energy exploration company's stock worth $3,942,000 after buying an additional 4,395 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of EOG Resources by 2.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 13,494 shares of the energy exploration company's stock valued at $1,417,000 after buying an additional 345 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.0%

Shares of EOG stock opened at $142.62 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a market capitalization of $76.40 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 3.03 and a beta of 0.32. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The company has a 50-day simple moving average of $127.05 and a two-hundred day simple moving average of $114.77.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion for the quarter, compared to analysts' expectations of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.74 EPS. Research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources's payout ratio is currently 44.79%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of EOG Resources from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Thursday, January 22nd. Mizuho raised their price target on shares of EOG Resources from $146.00 to $147.00 and gave the company a "neutral" rating in a research report on Wednesday. Stephens lifted their price target on EOG Resources from $139.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday. Scotiabank raised EOG Resources to a "hold" rating in a report on Friday, March 27th. Finally, Morgan Stanley boosted their price objective on EOG Resources from $128.00 to $155.00 and gave the stock an "equal weight" rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $145.04.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm's stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares of the company's stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,230 shares of company stock worth $2,522,568. Insiders own 0.13% of the company's stock.

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.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.