MOKAN Wealth Management Inc. Raises Position in EOG Resources, Inc. $EOG

MOKAN Wealth Management Inc. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 20.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,997 shares of the energy exploration company’s stock after purchasing an additional 3,055 shares during the period. EOG Resources accounts for about 1.2% of MOKAN Wealth Management Inc.’s portfolio, making the stock its 25th biggest position. MOKAN Wealth Management Inc.’s holdings in EOG Resources were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. ARGA Investment Management LP grew its stake in shares of EOG Resources by 24.2% during the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after buying an additional 2,616 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of EOG Resources by 30.1% during the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after buying an additional 45,295 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of EOG Resources by 15.3% during the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock valued at $2,609,000 after buying an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of EOG Resources by 37.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock valued at $20,852,000 after buying an additional 44,687 shares during the last quarter. Finally, Pinnacle Financial Partners Inc grew its stake in shares of EOG Resources by 4.7% during the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock valued at $23,032,000 after buying an additional 8,127 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Down 3.4%

Shares of NYSE EOG opened at $108.14 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $59.04 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 8.36 and a beta of 0.74. The stock’s fifty day simple moving average is $117.43 and its two-hundred day simple moving average is $116.57. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter last year, the firm earned $3.16 EPS. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company reaffirmed an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Mizuho cut their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Wolfe Research dropped their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Finally, Melius started coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.