Freedom Day Solutions LLC Sells 2,161 Shares of EOG Resources, Inc. $EOG

Freedom Day Solutions LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 24.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,779 shares of the energy exploration company’s stock after selling 2,161 shares during the quarter. Freedom Day Solutions LLC’s holdings in EOG Resources were worth $811,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ARGA Investment Management LP raised its position in EOG Resources by 24.2% in the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock worth $1,724,000 after acquiring an additional 2,616 shares during the period. Canada Pension Plan Investment Board raised its position in EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after acquiring an additional 45,295 shares during the period. CWA Asset Management Group LLC raised its position in EOG Resources by 15.3% in the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock worth $2,609,000 after acquiring an additional 2,697 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in EOG Resources by 37.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock worth $20,852,000 after acquiring an additional 44,687 shares during the period. Finally, Pinnacle Financial Partners Inc raised its position in EOG Resources by 4.7% in the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock worth $23,032,000 after acquiring an additional 8,127 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EOG. Jefferies Financial Group reiterated a “buy” rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Argus downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Roth Capital downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Wolfe Research decreased their price objective on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Finally, Royal Bank Of Canada raised their price objective on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday. One 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. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price target of $143.43.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $111.84 on Friday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The stock has a market capitalization of $61.06 billion, a P/E ratio of 10.87, a PEG ratio of 8.54 and a beta of 0.74. The firm has a fifty day simple moving average of $117.60 and a two-hundred day simple moving average of $116.86. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. During the same period last year, the company posted $3.16 EPS. The business’s revenue was down 9.1% on a year-over-year basis. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

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.