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

Cairn Investment Group Inc. grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 80.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,581 shares of the energy exploration company's stock after purchasing an additional 12,732 shares during the quarter. EOG Resources makes up about 2.1% of Cairn Investment Group Inc.'s portfolio, making the stock its 20th biggest holding. Cairn Investment Group Inc.'s holdings in EOG Resources were worth $3,665,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC grew its holdings in EOG Resources by 14.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock valued at $101,256,000 after purchasing an additional 106,677 shares during the period. CWA Asset Management Group LLC lifted its position in shares of EOG Resources by 15.3% during the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock valued at $2,609,000 after buying an additional 2,697 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its stake in EOG Resources by 3.2% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock valued at $12,630,000 after acquiring an additional 3,150 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock worth $20,852,000 after acquiring an additional 44,687 shares in the last quarter. Finally, Signet Financial Management LLC increased its holdings in EOG Resources by 15.3% in the 1st quarter. Signet Financial Management LLC now owns 29,292 shares of the energy exploration company's stock worth $3,756,000 after acquiring an additional 3,890 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 1.3%

Shares of EOG Resources stock traded up $1.63 during mid-day trading on Thursday, hitting $124.51. The stock had a trading volume of 1,437,151 shares, compared to its average volume of 3,398,124. The firm has a 50-day moving average of $115.33 and a two-hundred day moving average of $121.24. The firm has a market cap of $67.95 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 9.74 and a beta of 0.76. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last issued 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. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm 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 represents a $4.08 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the 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 transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price objective for the company from $150.00 to $130.00 in a report on Friday, April 11th. Barclays raised their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Susquehanna reduced their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 target price on shares of EOG Resources in a research report on Friday, June 20th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.48.

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.