Demars Financial Group LLC Has $715,000 Holdings in EOG Resources, Inc. $EOG

Key Points

• Demars Financial Group LLC reduced its stake in EOG Resources by 99.1%, selling over 684,000 shares and leaving it with 5,977 shares valued at <$715,000.
• Other institutional investors have increased their holdings in EOG, with notable increases including a 30.1% rise by the Canada Pension Plan Investment Board, bringing their total to 195,782 shares worth <$25 million.
• EOG Resources reported earnings of $2.32 per share in its latest quarter, exceeding analyst expectations, though its revenue decreased by 9.1% year-over-year to <$5.48 billion.

Demars Financial Group LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 99.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,977 shares of the energy exploration company's stock after selling 684,701 shares during the quarter. Demars Financial Group LLC's holdings in EOG Resources were worth $715,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. ARGA Investment Management LP lifted its holdings in EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock valued at $1,724,000 after purchasing an additional 2,616 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in EOG Resources by 30.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company's stock valued at $25,107,000 after purchasing an additional 45,295 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in EOG Resources by 37.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock valued at $20,852,000 after purchasing an additional 44,687 shares during the last quarter. Pinnacle Financial Partners Inc lifted its holdings in EOG Resources by 4.7% during the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock valued at $23,032,000 after purchasing an additional 8,127 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in EOG Resources by 49.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,497 shares of the energy exploration company's stock valued at $1,474,000 after purchasing an additional 3,794 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Down 1.0%

Shares of NYSE EOG opened at $106.13 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The stock has a market capitalization of $57.95 billion, a P/E ratio of 10.31, a PEG ratio of 8.15 and a beta of 0.74. The stock's fifty day moving average is $116.58 and its 200 day moving average is $115.92.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. During the same quarter last year, the business earned $3.16 earnings per share. EOG Resources's revenue was down 9.1% on a year-over-year basis. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wolfe Research cut their price target on EOG Resources from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, October 1st. Mizuho dropped their target price on EOG Resources from $140.00 to $133.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Evercore ISI lifted their target price on EOG Resources from $141.00 to $149.00 and gave the stock an "outperform" rating in a report on Monday, October 6th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $132.00 to $131.00 and set a "neutral" rating for the company in a report on Wednesday, October 1st. Finally, Roth Capital dropped their target price on EOG Resources from $126.00 to $114.00 and set a "neutral" rating for the company in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $141.04.

EOG Resources Company Profile

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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