Checchi Capital Advisers LLC Lowers Position in EOG Resources Inc (EOG)
Checchi Capital Advisers LLC trimmed its position in EOG Resources Inc (NYSE:EOG) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,763 shares of the energy exploration company’s stock after selling 154 shares during the period. Checchi Capital Advisers LLC’s holdings in EOG Resources were worth $453,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in EOG. Vanguard Group Inc lifted its position in shares of EOG Resources by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 43,778,579 shares of the energy exploration company’s stock worth $5,584,833,000 after purchasing an additional 268,736 shares during the period. Intact Investment Management Inc. lifted its position in shares of EOG Resources by 21.1% in the 4th quarter. Intact Investment Management Inc. now owns 2,300 shares of the energy exploration company’s stock worth $201,000 after purchasing an additional 400 shares during the period. Bank of Montreal Can lifted its position in shares of EOG Resources by 4.7% in the 4th quarter. Bank of Montreal Can now owns 444,387 shares of the energy exploration company’s stock worth $38,753,000 after purchasing an additional 19,810 shares during the period. James Investment Research Inc. purchased a new stake in shares of EOG Resources in the 4th quarter worth approximately $968,000. Finally, Strs Ohio lifted its position in shares of EOG Resources by 0.5% in the 4th quarter. Strs Ohio now owns 478,027 shares of the energy exploration company’s stock worth $41,688,000 after purchasing an additional 2,308 shares during the period. Institutional investors own 87.19% of the company’s stock.
EOG has been the subject of several research reports. ValuEngine cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. TD Securities lowered their price target on shares of EOG Resources from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, February 28th. JPMorgan Chase & Co. set a $116.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Friday, January 25th. Argus set a $120.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, KeyCorp initiated coverage on shares of EOG Resources in a research report on Thursday, January 31st. They issued a “sector weight” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $121.84.
NYSE:EOG opened at $88.85 on Friday. The firm has a market capitalization of $55.50 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.24. EOG Resources Inc has a 1-year low of $82.04 and a 1-year high of $133.53. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.16. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 earnings per share. Research analysts predict that EOG Resources Inc will post 5.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.2875 dividend. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.29%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio is presently 15.88%.
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EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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