EOG Resources Inc. (EOG)

[OilStockReport]

T. Boone Pickens is digging this stock... good sign?

EOG Resources (EOG): Pickens has picked up shares of EOG during the last two reporting periods. He currently holds a little than 400,000 shares. The Houston-based oil company focuses on exploration and production of oil and natural gas, primarily in North America. Shares trade at $107.67 at the time of writing, with a 52-week range from $85.03 to $121.37. With a market cap of $28.9 billion, EOG is no small company, and buyers face a high barrier to entry. However, for the 12th straight year, EOG approved an increase in its common stock dividend for 2011, which will grow 3% to $0.64 per share (or 0.60%). The company reported a net income of $160.7 million for FY 2010, down considerably from last year’s $546.6 million total, although revenue generated from liquids surpassed those from natural gas for the first time in the company’s history.