EOG Resources, Inc. (NYSE:EOG) Shares Bought by Cairn Investment Group Inc.

Cairn Investment Group Inc. raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 80.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 28,581 shares of the energy exploration company's stock after acquiring an additional 12,732 shares during the period. EOG Resources accounts for about 2.1% of Cairn Investment Group Inc.'s holdings, making the stock its 20th biggest position. Cairn Investment Group Inc.'s holdings in EOG Resources were worth $3,665,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new position in EOG Resources in the 4th quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new position in EOG Resources in the 4th quarter valued at $28,000. Heritage Wealth Advisors raised its holdings in EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in EOG Resources in the 1st quarter valued at $34,000. Finally, Ameriflex Group Inc. acquired a new position in EOG Resources in the 4th quarter valued at $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.3%

Shares of EOG Resources stock opened at $120.82 on Monday. The company has a fifty day moving average price of $114.70 and a 200 day moving average price of $121.28. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $139.05. The stock has a market cap of $65.94 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 9.71 and a beta of 0.74.

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, beating 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 net margin of 26.14% and a return on equity of 22.35%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 EPS. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share 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. Shareholders of record on Friday, October 17th will be given a $1.02 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's dividend payout ratio is presently 36.18%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the company from $150.00 to $130.00 in a report on Friday, April 11th. Royal Bank Of Canada restated an "outperform" rating and set a $145.00 price objective on shares of EOG Resources in a report on Friday, June 20th. Barclays upped their price objective on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. UBS Group restated a "buy" rating and set a $140.00 price objective (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Finally, Citigroup dropped their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $139.48.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were 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 directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.

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