Trivium Point Advisory LLC Sells 5,242 Shares of EOG Resources, Inc. $EOG

Key Points

• Trivium Point Advisory LLC has reduced its stake in EOG Resources by 15.1% during the first quarter, now holding shares valued at $3.79 million.
• EOG Resources recently announced a quarterly dividend increase to $1.02 per share, which represents an annualized payout of $4.08 and a yield of 3.4%.
• Wall Street analysts have mixed ratings for EOG Resources, with a consensus price target of $140.71, reflecting twelve hold ratings, nine buy ratings, and one strong buy rating.

Trivium Point Advisory LLC cut its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,525 shares of the energy exploration company's stock after selling 5,242 shares during the period. Trivium Point Advisory LLC's holdings in EOG Resources were worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources in the first quarter worth $26,000. Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources in the first quarter worth $34,000. Ameriflex Group Inc. purchased a new stake in shares of EOG Resources in the fourth quarter worth $36,000. 10Elms LLP purchased a new stake in shares of EOG Resources in the fourth quarter worth $44,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of EOG Resources in the first quarter worth $48,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Raymond James Financial raised their target price on shares of EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. Jefferies Financial Group reaffirmed a "buy" rating and set a $148.00 target price (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Susquehanna raised their target price on shares of EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Finally, UBS Group reaffirmed a "buy" rating and set a $142.00 target price (up from $140.00) on shares of EOG Resources in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $140.71.

EOG Resources Price Performance

Shares of NYSE:EOG traded down $0.6310 on Tuesday, reaching $117.0990. The company's stock had a trading volume of 848,450 shares, compared to its average volume of 3,615,352. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a market cap of $63.94 billion, a P/E ratio of 11.39, a PEG ratio of 9.15 and a beta of 0.80. The company has a 50-day simple moving average of $120.36 and a 200 day simple moving average of $119.27. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. During the same period last year, the company posted $3.16 EPS. The business's revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is 39.65%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

EOG Resources 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.