CX Institutional Boosts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

CX Institutional lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 279.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,694 shares of the energy exploration company's stock after purchasing an additional 35,130 shares during the period. CX Institutional's holdings in EOG Resources were worth $6,116,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $28,000. Heritage Wealth Advisors boosted its holdings in shares of EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after purchasing an additional 208 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $32,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of EOG Resources by 643.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 290 shares of the energy exploration company's stock worth $36,000 after purchasing an additional 251 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group reissued a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. cut their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Barclays boosted their target price on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Williams Trading set a $154.00 price objective on EOG Resources in a research report on Wednesday, March 5th. Finally, Wall Street Zen lowered EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.58.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

NYSE EOG traded up $0.63 during trading hours on Thursday, hitting $120.55. The company had a trading volume of 3,318,580 shares, compared to its average volume of 3,304,619. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a market cap of $65.79 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The business has a 50 day moving average of $111.58 and a 200-day moving average of $121.95.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business 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 annualized dividend and a yield of 3.38%. The ex-dividend date 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 currently 36.18%.

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.