EOG Resources, Inc. $EOG Shares Purchased by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,405 shares of the energy exploration company’s stock after buying an additional 1,438 shares during the period. 3Chopt Investment Partners LLC’s holdings in EOG Resources were worth $1,843,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in EOG Resources in the 1st quarter valued at $26,000. Saudi Central Bank acquired a new stake in shares of EOG Resources in the first quarter valued at about $28,000. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources in the second quarter valued at about $29,000. Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources in the first quarter valued at about $34,000. Finally, ORG Partners LLC grew its stake in 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 acquiring an additional 88 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Up 1.2%

EOG Resources stock opened at $111.84 on Friday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The firm has a 50 day moving average price of $117.60 and a 200 day moving average price of $116.86. The company has a market capitalization of $61.06 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 8.54 and a beta of 0.74.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the business posted $3.16 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. Research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EOG shares. UBS Group upped their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. KeyCorp reduced their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Mizuho reduced their price objective on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Roth Capital downgraded EOG Resources from a “buy” rating to a “neutral” rating and cut their target price for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Finally, Melius Research began coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.43.

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.