EOG Resources, Inc. (NYSE:EOG) Shares Sold by Freedom Investment Management Inc.

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

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

Analyst Ratings Changes

EOG has been the subject of a number of analyst reports. Barclays lowered their target price on EOG Resources from $144.00 to $140.00 and set an "equal weight" rating for the company in a report on Wednesday. Benchmark reiterated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. UBS Group cut their price objective 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. Truist Financial raised their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, Wolfe Research upgraded EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Twelve equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $141.25.

Insider Transactions at EOG Resources

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 completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of EOG stock traded down $0.39 during mid-day trading on Friday, hitting $113.07. 2,093,424 shares of the stock were exchanged, compared to its average volume of 3,232,889. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a fifty day moving average of $120.51 and a 200 day moving average of $125.77. The company has a market cap of $62.36 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion for 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%. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.45%. EOG Resources's dividend payout ratio (DPR) is currently 34.73%.

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.