EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,527 shares of the energy exploration company's stock after buying an additional 3,311 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in EOG Resources were worth $10,712,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. JFS Wealth Advisors LLC lifted its position in EOG Resources by 31.8% in the first quarter. JFS Wealth Advisors LLC now owns 472 shares of the energy exploration company's stock worth $61,000 after buying an additional 114 shares during the last quarter. Crumly & Associates Inc. lifted its position in shares of EOG Resources by 7.2% during the first quarter. Crumly & Associates Inc. now owns 3,642 shares of the energy exploration company's stock worth $467,000 after purchasing an additional 244 shares during the last quarter. 1858 Wealth Management LLC lifted its position in shares of EOG Resources by 6.5% during the first quarter. 1858 Wealth Management LLC now owns 8,926 shares of the energy exploration company's stock worth $1,145,000 after purchasing an additional 546 shares during the last quarter. Cassia Capital Partners LLC lifted its position in shares of EOG Resources by 57.2% during the first quarter. Cassia Capital Partners LLC now owns 7,467 shares of the energy exploration company's stock worth $958,000 after purchasing an additional 2,717 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of EOG Resources by 68.6% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,294 shares of the energy exploration company's stock worth $2,090,000 after purchasing an additional 6,627 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Down 0.7%

EOG traded down $0.79 on Wednesday, hitting $119.89. The company had a trading volume of 2,798,991 shares, compared to its average volume of 3,387,163. The stock has a fifty day moving average price of $114.28 and a 200-day moving average price of $121.45. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The stock has a market capitalization of $65.43 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 9.70 and a beta of 0.74.

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 the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. Analysts predict 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 paid a dividend of $1.02 per share. 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.40%. EOG Resources's payout ratio is presently 36.18%.

Insider Transactions at EOG Resources

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Raymond James Financial lifted their target price 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. Royal Bank Of Canada reiterated an "outperform" rating and set a $145.00 target price on shares of EOG Resources in a research report on Friday, June 20th. Stephens assumed coverage on EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price for the company. KeyCorp decreased their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Citigroup decreased their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Twelve equities research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.