EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,878 shares of the energy exploration company's stock after purchasing an additional 2,444 shares during the quarter. EOG Resources makes up about 1.7% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 24th largest position. Campbell Newman Asset Management Inc.'s holdings in EOG Resources were worth $19,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new position in shares of EOG Resources in the 4th quarter worth $25,000. Lee Danner & Bass Inc. acquired a new position in EOG Resources during the fourth quarter valued at approximately $28,000. Heritage Wealth Advisors increased its stake 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 bought a new stake in EOG Resources in the fourth quarter valued at approximately $32,000. Finally, Ameriflex Group Inc. bought a new position in shares of EOG Resources in the fourth quarter valued at about $36,000. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

EOG Resources Trading Down 2.0%

NYSE:EOG traded down $2.52 during midday trading on Monday, hitting $122.76. The stock had a trading volume of 2,756,275 shares, compared to its average volume of 3,327,457. The stock has a 50-day moving average of $111.99 and a 200 day moving average of $121.75. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $67.00 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.58 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 EPS. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.32%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is presently 36.18%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EOG shares. Raymond James increased their price target on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research report on Monday, June 2nd. KeyCorp cut their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Citigroup dropped their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Susquehanna dropped their target price on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.10.

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.