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

Kiker Wealth Management LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,245 shares of the energy exploration company’s stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EOG. Farther Finance Advisors LLC lifted its stake in shares of EOG Resources by 21.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,149 shares of the energy exploration company’s stock valued at $536,000 after purchasing an additional 722 shares during the period. GAMMA Investing LLC lifted its stake in shares of EOG Resources by 16.1% in the 1st quarter. GAMMA Investing LLC now owns 9,992 shares of the energy exploration company’s stock valued at $1,281,000 after purchasing an additional 1,383 shares during the period. CVA Family Office LLC lifted its stake in shares of EOG Resources by 15.6% in the 1st quarter. CVA Family Office LLC now owns 987 shares of the energy exploration company’s stock valued at $127,000 after purchasing an additional 133 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of EOG Resources by 37.9% in 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 period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of EOG Resources in the 1st quarter valued at approximately $2,165,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EOG. Melius Research assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Piper Sandler reduced their price objective on EOG Resources from $138.00 to $136.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. Stephens assumed coverage on EOG Resources in a research report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price objective for the company. Finally, KeyCorp reduced their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.30.

EOG Resources Stock Up 1.4%

EOG Resources stock opened at $109.63 on Tuesday. The firm has a market cap of $59.86 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 8.36 and a beta of 0.74. The stock has a fifty day simple moving average of $117.28 and a two-hundred day simple moving average of $116.45. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last posted its 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. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.16 EPS. Equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

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.