Checchi Capital Advisers LLC Has $628,000 Position in EOG Resources, Inc. $EOG

Checchi Capital Advisers LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,252 shares of the energy exploration company’s stock after selling 531 shares during the quarter. Checchi Capital Advisers LLC’s holdings in EOG Resources were worth $628,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Ameriflex Group Inc. lifted its holdings in shares of EOG Resources by 31.6% during the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after buying an additional 91 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of EOG Resources by 6.5% during the second quarter. QRG Capital Management Inc. now owns 196,887 shares of the energy exploration company’s stock worth $23,550,000 after buying an additional 11,935 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in shares of EOG Resources by 11.8% during the second quarter. ZWJ Investment Counsel Inc. now owns 54,619 shares of the energy exploration company’s stock worth $6,533,000 after buying an additional 5,783 shares during the last quarter. Segment Wealth Management LLC lifted its holdings in shares of EOG Resources by 2.2% during the second quarter. Segment Wealth Management LLC now owns 122,744 shares of the energy exploration company’s stock worth $14,681,000 after buying an additional 2,599 shares during the last quarter. Finally, Fortis Capital Advisors LLC lifted its holdings in shares of EOG Resources by 3.8% during the second quarter. Fortis Capital Advisors LLC now owns 5,353 shares of the energy exploration company’s stock worth $640,000 after buying an additional 197 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research analyst reports. Stephens initiated coverage on EOG Resources in a report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price target for the company. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Roth Capital lowered EOG Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. JPMorgan Chase & Co. cut their target price on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Finally, Mizuho cut their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.14.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $110.66 on Monday. The business’s fifty day moving average price is $118.46 and its two-hundred day moving average price is $117.16. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock has a market capitalization of $60.42 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 8.51 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating 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 firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same period in the prior year, the business posted $3.16 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. As a group, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

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.