Griffin Asset Management Inc. increased its stake in shares of EOG Resources Inc (NYSE:EOG) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,030 shares of the energy exploration company’s stock after acquiring an additional 1,845 shares during the period. Griffin Asset Management Inc.’s holdings in EOG Resources were worth $1,811,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Valeo Financial Advisors LLC increased its stake in EOG Resources by 76.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 113 shares during the last quarter. Guidant Wealth Advisors increased its stake in EOG Resources by 50.5% in the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock valued at $29,000 after buying an additional 101 shares during the last quarter. Essex Savings Bank increased its stake in EOG Resources by 87.0% in the 1st quarter. Essex Savings Bank now owns 430 shares of the energy exploration company’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. Athena Capital Advisors LLC acquired a new stake in EOG Resources in the 4th quarter valued at $46,000. Finally, Quad Cities Investment Group LLC acquired a new stake in EOG Resources in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 88.25% of the company’s stock.

Several equities research analysts have issued reports on the stock. Wells Fargo & Co assumed coverage on shares of EOG Resources in a research note on Monday. They issued an “outperform” rating and a $110.00 price target on the stock. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Thursday, May 9th. Morgan Stanley set a $108.00 price target on shares of EOG Resources and gave the company a “hold” rating in a research note on Wednesday, May 8th. Susquehanna Bancshares upgraded shares of EOG Resources from a “neutral” rating to a “positive” rating and lifted their price target for the company from $107.00 to $115.00 in a research note on Monday, May 6th. Finally, ValuEngine lowered shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have assigned a buy rating to the stock. EOG Resources presently has a consensus rating of “Buy” and an average price target of $121.84.

Shares of EOG stock opened at $93.68 on Tuesday. The stock has a market cap of $53.98 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.14 and a beta of 1.24. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. EOG Resources Inc has a 52 week low of $82.04 and a 52 week high of $133.53.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.03 by $0.16. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. EOG Resources’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 EPS. On average, research analysts forecast that EOG Resources Inc will post 5.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.2875 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $1.15 annualized dividend and a dividend yield of 1.23%. EOG Resources’s payout ratio is presently 15.88%.

In related news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the sale, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

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EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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