Koshinski Asset Management Inc. Increases Stock Holdings in EOG Resources, Inc. $EOG

Koshinski Asset Management Inc. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,685 shares of the energy exploration company’s stock after buying an additional 574 shares during the period. Koshinski Asset Management Inc.’s holdings in EOG Resources were worth $680,000 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 recently made changes to their positions in the business. StrongBox Wealth LLC lifted its position in shares of EOG Resources by 1.9% during the 2nd quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after buying an additional 88 shares in the last quarter. ORG Partners LLC lifted its position in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. Ameriflex Group Inc. lifted its position in shares of EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after buying an additional 91 shares in the last quarter. Granite Harbor Advisors Inc. lifted its position in shares of EOG Resources by 3.2% during the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock valued at $389,000 after buying an additional 94 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its position in shares of EOG Resources by 6.2% during the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company’s stock valued at $208,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.0%

Shares of EOG opened at $106.13 on Monday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a market capitalization of $57.95 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 8.15 and a beta of 0.74. The stock has a fifty day simple moving average of $116.58 and a two-hundred day simple moving average of $115.92. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (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 business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same period last year, the company earned $3.16 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Ratings Changes

EOG has been the subject of several recent research reports. 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 note on Thursday, July 17th. Wells Fargo & Company reduced their price objective on EOG Resources from $149.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday. Evercore ISI increased their price objective on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Melius Research initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective for the company. Finally, Raymond James Financial increased their price objective on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $141.04.

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.