Kiker Wealth Management LLC Takes $627,000 Position in EOG Resources, Inc. $EOG

Key Points

• Kiker Wealth Management LLC has acquired a stake in EOG Resources, investing approximately $627,000 for 5,245 shares during the 2nd quarter.
• Most of EOG Resources' stock, currently at a market cap of $59.86 billion, is owned by institutional investors, who hold 89.91% of the shares.
• EOG Resources reported an EPS of $2.32 for its recent quarter, exceeding analyst expectations, but revenue declined 9.1% year-over-year.

Kiker Wealth Management LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,245 shares of the energy exploration company's stock, valued at approximately $627,000.

Several other institutional investors have also recently modified their holdings of EOG. Nuveen LLC bought a new position in shares of EOG Resources during the 1st quarter valued at about $451,908,000. Charles Schwab Investment Management Inc. increased its position in shares of EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of EOG Resources during the 1st quarter valued at about $81,752,000. LSV Asset Management increased its position in shares of EOG Resources by 290.5% during the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company's stock valued at $88,158,000 after purchasing an additional 511,418 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in EOG Resources during the 1st quarter valued at about $52,273,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

Shares of EOG stock opened at $109.63 on Tuesday. The firm has a market cap of $59.86 billion, a P/E ratio of 10.65, a P/E/G ratio of 8.36 and a beta of 0.74. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The business's 50 day moving average price is $117.28 and its 200-day moving average price is $116.45. 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 (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the prior year, the business earned $3.16 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EOG shares. Susquehanna increased their target price on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. 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. Stephens started coverage on EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price for the company. Melius Research started coverage on EOG Resources in a report on Wednesday, August 20th. They set a "buy" rating and a $173.00 target price for the company. Finally, Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $143.30.

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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