Demars Financial Group LLC Sells 684,701 Shares of EOG Resources, Inc. $EOG

Demars Financial Group LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 99.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,977 shares of the energy exploration company’s stock after selling 684,701 shares during the period. Demars Financial Group LLC’s holdings in EOG Resources were worth $715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in EOG Resources by 0.7% in the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after acquiring an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in EOG Resources by 6.5% in the first 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 acquiring an additional 1,188,552 shares during the last quarter. Northern Trust Corp boosted its stake in shares of EOG Resources by 6.3% during the first quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after purchasing an additional 358,916 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of EOG Resources by 3.9% during the first quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after purchasing an additional 223,294 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of EOG Resources by 1.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock valued at $709,201,000 after purchasing an additional 60,454 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $106.13 on Monday. The stock’s 50 day moving average is $116.58 and its 200 day moving average is $115.92. 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 cap of $57.95 billion, a P/E ratio of 10.31, a P/E/G ratio of 8.15 and a beta of 0.74. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data 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 company had revenue of $5.48 billion for 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 firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.16 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EOG. Mizuho cut their price target 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. UBS Group lifted their price target on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Melius began coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target on the stock. Melius Research began coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target on the stock. Finally, Evercore ISI lifted their price target on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.