Freedom Investment Management Inc. Sells 2,418 Shares of EOG Resources, Inc. (NYSE:EOG)

Freedom Investment Management Inc. reduced its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 37.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,986 shares of the energy exploration company's stock after selling 2,418 shares during the period. Freedom Investment Management Inc.'s holdings in EOG Resources were worth $489,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Financial Life Planners bought a new stake in shares of EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd raised its holdings in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in EOG Resources in the fourth quarter worth approximately $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth $27,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EOG shares. UBS Group dropped their price target on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Mizuho restated a "neutral" rating and issued a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Raymond James restated a "strong-buy" rating and issued a $140.00 target price on shares of EOG Resources in a report on Monday. Finally, Piper Sandler reduced their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has a consensus rating of "Hold" and an average price target of $141.25.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

EOG Resources stock traded down $0.39 during trading hours on Friday, hitting $113.07. The company had a trading volume of 2,089,219 shares, compared to its average volume of 3,233,721. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm has a market cap of $62.36 billion, a PE ratio of 9.10, a PEG ratio of 3.58 and a beta of 0.93. The firm has a 50-day moving average of $120.87 and a 200 day moving average of $125.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio is presently 34.73%.

EOG Resources 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.