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

Crossmark Global Holdings Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,918 shares of the energy exploration company's stock after acquiring an additional 2,209 shares during the period. Crossmark Global Holdings Inc.'s holdings in EOG Resources were worth $2,811,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Bank Pictet & Cie Europe AG boosted its position in EOG Resources by 56.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after buying an additional 89,521 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in EOG Resources in the 4th quarter valued at about $492,000. NBT Bank N A NY boosted its position in EOG Resources by 3.9% in the 4th quarter. NBT Bank N A NY now owns 2,411 shares of the energy exploration company's stock valued at $296,000 after buying an additional 90 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in EOG Resources by 6.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 74,257 shares of the energy exploration company's stock valued at $9,102,000 after buying an additional 4,378 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of EOG Resources by 14.4% in the fourth quarter. Johnson Investment Counsel Inc. now owns 7,020 shares of the energy exploration company's stock worth $861,000 after buying an additional 885 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.0%

Shares of EOG traded down $0.04 during trading hours on Thursday, hitting $121.85. 2,703,451 shares of the company were exchanged, compared to its average volume of 3,405,035. The firm's 50 day moving average is $116.34 and its 200-day moving average is $121.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. 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 $66.51 billion, a PE ratio of 11.30, a PEG ratio of 10.00 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. EOG Resources's revenue was down 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.82 EPS. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.35%. EOG Resources's payout ratio is 36.18%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction on 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 directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EOG shares. Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Mizuho reduced their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Jefferies Financial Group reiterated a "buy" rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $140.00 to $134.00 in a report on Wednesday. Finally, Bank of America lowered their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of "Hold" and an average price target of $139.00.

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.