Freedom Day Solutions LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

Freedom Day Solutions LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,086 shares of the energy exploration company’s stock after acquiring an additional 1,272 shares during the period. Freedom Day Solutions LLC’s holdings in EOG Resources were worth $1,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Y.D. More Investments Ltd raised its holdings in shares of EOG Resources by 149.4% in the 4th 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. Northwest Investment Counselors LLC purchased a new position in shares of EOG Resources during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Citigroup raised their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Piper Sandler raised their price objective on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.14.

EOG Resources Price Performance

Shares of EOG stock opened at $134.52 on Thursday. The firm has a market cap of $75.66 billion, a P/E ratio of 10.83, a P/E/G ratio of 3.42 and a beta of 1.27. EOG Resources, Inc. has a fifty-two week low of $109.06 and a fifty-two week high of $139.67. The business’s 50 day moving average price is $128.05 and its 200-day moving average price is $127.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources declared that its board has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

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.