Crossmark Global Holdings Inc. Buys 2,209 Shares of EOG Resources, Inc. (NYSE:EOG)

Crossmark Global Holdings Inc. grew its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,918 shares of the energy exploration company's stock after purchasing an additional 2,209 shares during the period. Crossmark Global Holdings Inc.'s holdings in EOG Resources were worth $2,811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. Capital World Investors increased its holdings in EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after buying an additional 2,270,013 shares during the last quarter. GAMMA Investing LLC increased its holdings in EOG Resources by 14,784.1% during the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock worth $164,323,000 after buying an additional 1,272,765 shares during the last quarter. Deutsche Bank AG increased its holdings in EOG Resources by 58.6% during the fourth quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock worth $255,139,000 after buying an additional 769,362 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of EOG Resources by 134.7% in the fourth quarter. AQR Capital Management LLC now owns 1,294,824 shares of the energy exploration company's stock valued at $158,720,000 after purchasing an additional 743,202 shares during the last quarter. Finally, Demars Financial Group LLC increased its holdings in shares of EOG Resources by 12,422.5% in the fourth quarter. Demars Financial Group LLC now owns 643,156 shares of the energy exploration company's stock valued at $78,838,000 after purchasing an additional 638,020 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EOG has been the topic of several research reports. Citigroup decreased their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Stephens initiated 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 on the stock. Barclays upped their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. KeyCorp decreased their price objective on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Susquehanna decreased their price objective on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources has an average rating of "Hold" and a consensus price target of $139.00.

EOG Resources Price Performance

EOG traded up $1.35 on Friday, hitting $123.08. 2,215,902 shares of the stock were exchanged, compared to its average volume of 3,410,566. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The business has a 50-day moving average of $116.79 and a two-hundred day moving average of $121.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The firm has a market capitalization of $67.17 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 9.82 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. EOG Resources's revenue was down 7.4% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.31%. EOG Resources's dividend payout ratio is currently 36.18%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

About EOG Resources

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.