Cooper Financial Group Has $1.22 Million Stake in EOG Resources, Inc. $EOG

Key Points

• Cooper Financial Group increased its stake in EOG Resources by 46.1%, owning 10,186 shares valued at approximately $1.22 million as of the latest reporting period.
• Several institutional investors have also shown significant interest, with Nuveen LLC acquiring a new stake worth about $451.9 million and Charles Schwab Investment Management raising its stake by 6.5% earlier in the year.
• EOG Resources reported earnings of $2.32 per share for the last quarter, exceeding analysts’ expectations, despite a 9.1% decrease in revenue compared to the previous year.

Cooper Financial Group boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 46.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,186 shares of the energy exploration company's stock after purchasing an additional 3,212 shares during the quarter. Cooper Financial Group's holdings in EOG Resources were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. Nuveen LLC acquired a new stake in EOG Resources in the 1st quarter worth about $451,908,000. Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in EOG Resources in the 1st quarter worth about $81,752,000. LSV Asset Management raised its stake in EOG Resources by 290.5% in the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company's stock worth $88,158,000 after purchasing an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in EOG Resources in the 1st quarter worth about $52,273,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Down 1.1%

EOG opened at $112.06 on Wednesday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm has a market capitalization of $61.18 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 8.70 and a beta of 0.85. The company's 50 day moving average price is $118.94 and its two-hundred day moving average price is $117.48.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the firm posted $3.16 EPS. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stephens assumed coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price for the company. KeyCorp dropped their target price on shares of EOG Resources from $140.00 to $138.00 and set an "overweight" rating for the company in a research report on Wednesday, September 3rd. Scotiabank restated a "sector perform" rating and issued a $130.00 target price on shares of EOG Resources in a research report on Friday, September 26th. Melius Research assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a "buy" rating and a $173.00 target price for the company. Finally, UBS Group boosted their target price on shares of EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $143.41.

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.

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