Tritonpoint Wealth LLC Sells 6,985 Shares of EOG Resources, Inc. $EOG

Key Points

• Tritonpoint Wealth LLC reduced its holdings in EOG Resources by 10.9%, selling 6,985 shares, while still maintaining 56,805 shares valued at approximately $6.79 million.
• EOG Resources reported an earnings per share (EPS) of $2.32 for the last quarter, surpassing estimates by $0.18, with revenue of $5.48 billion, despite a 9.1% decline year-over-year.
• Analysts have mixed ratings on EOG, with one "Strong Buy," ten "Buy," and thirteen "Hold," establishing an average price target of $143.48 for the stock.

Tritonpoint Wealth LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,805 shares of the energy exploration company's stock after selling 6,985 shares during the period. Tritonpoint Wealth LLC's holdings in EOG Resources were worth $6,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in EOG. StrongBox Wealth LLC lifted its position in EOG Resources by 1.9% during the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company's stock valued at $576,000 after purchasing an additional 88 shares during the last quarter. ORG Partners LLC lifted its position in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company's stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Granite Harbor Advisors Inc. lifted its position in EOG Resources by 3.2% during the first quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company's stock valued at $389,000 after purchasing an additional 94 shares during the last quarter. FSM Wealth Advisors LLC lifted its position in EOG Resources by 6.2% during the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after purchasing an additional 95 shares during the last quarter. Finally, Sigma Planning Corp lifted its position in EOG Resources by 1.6% during the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock valued at $803,000 after purchasing an additional 97 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 0.1%

Shares of NYSE EOG opened at $117.19 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm's fifty day moving average is $119.13 and its 200 day moving average is $117.62. The company has a market cap of $63.98 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 9.01 and a beta of 0.85.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same period in the previous year, the firm earned $3.16 earnings per share. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EOG shares. Melius started coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 price objective for the company. Royal Bank Of Canada lowered their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. Piper Sandler lowered their price objective on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Scotiabank restated a "sector perform" rating and issued a $130.00 price objective on shares of EOG Resources in a report on Friday. Finally, Stephens started coverage on shares of EOG Resources in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and an average price target of $143.48.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

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