Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EOG Resources Inc. shares valued at $143,174 were sold by Boedeker Kenneth W. on Jun 03. At $142.32 per share, Boedeker Kenneth W. sold 1,006 shares. The insider’s holdings dropped to 16,880 shares worth approximately $2.0 million following the completion of this transaction.
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Also, Janssen Ann D. sold 1,905 shares, netting a total of over 267,839 in proceeds. Following the sale of shares at $140.60 each, the insider now holds 66,980 shares.
Before that, DRIGGERS TIMOTHY K had sold 3,484 shares from its account. In a trade valued at $472,121, the EVP & Chief Financial Officer traded EOG Resources Inc. shares for $135.51 each. Upon closing the transaction, the insider’s holdings decreased to 3,484 shares, worth approximately $25.39 million.
As published in their initiating research note from KeyBanc Capital Markets on September 20, 2022, EOG Resources Inc. [EOG] has been an Overweight and the price target has been revised to $157. This represents a 24.69% premium over Wednesday’s closing price. Analysts at BofA Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in mid September. As of September 15, 2022, JP Morgan has increased its “Neutral” rating to a “an Overweight” for EOG. Earlier on August 05, 2022, TD Securities upgraded its rating. Their new recommendation was “a Buy” for EOG stock which previously was a “a Hold”.
Analyzing EOG’s Price Performance
On Wednesday, EOG Resources Inc. [NYSE: EOG] plunged -1.16% to $118.24. The stock’s lowest price that day was $118.20, but it reached a high of $122.88 in the same session. During the last five days, there has been a drop of approximately -6.70%. Over the course of the year, EOG Resources Inc. shares have jumped approximately 37.79%. Shares of the company reached a 52-week high of $147.99 on 06/08/22 and a 52-week low of $88.29 on 01/03/22. A 50-day SMA is recorded $113.53, while a 200-day SMA reached $113.40. Nevertheless, trading volume fell to 2.53 million shares from 2.36 million shares the previous day.
Support And Resistance Levels for EOG Resources Inc. (EOG)
According to the 24-hour chart, there is a support level at 116.67, which, if violated, would cause prices to drop to 115.09. In the upper region, resistance lies at 121.35. The next price resistance is at 124.45. RSI (Relative Strength Index) is 49.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.83, which suggests the price will decrease in the coming days. Percent R is at 78.75%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is EOG Resources Inc. subject to short interest?
Stocks of EOG Resources Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.81 million shares to 7.07 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.88 million shares. A decline of -39.75% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.31 of the overall float, the days-to-cover ratio (short ratio) decline to 1.31.
Which companies own the most shares of EOG Resources Inc. (EOG)?
According to The Vanguard Group, Inc. filings, the company currently owns 50,574,956 shares, which is about 8.63% of the total EOG shares outstanding. The investor’s shares have appreciated by 511,975 from its previous 13-F filing of 50062981.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $4,295,883,653. Capital Research & Management Co acquire a 13.64% interest valued at $3.94 billion while Capital Research & Management Co sold a -6,446,927 stake. A total of -318,000 shares of EOG Resources Inc. were sold by BlackRock Fund Advisors during the quarter, and -376,165 were sold by JPMorgan Investment Management, I. In its current portfolio, Fidelity Management & Research Co holds 16,705,088 shares valued at $2.03 billion.