Tudor Pickering Holt & Co. analysts downgrades a Hold rating for EOG Resources Inc. (EOG)


EOG Resources Inc.’s filing revealed that its President & COO Helms Lloyd W Jr unloaded Company’s shares for reported $0.6 million on Aug 15. In the deal valued at $130.76 per share,4,551 shares were sold. As a result of this transaction, Helms Lloyd W Jr now holds 145,259 shares worth roughly $ 19.38 million.

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Then, Leitzell Jeffrey R. sold 2,031 shares, generating $238,157 in total proceeds. Upon selling the shares at $117.26, the EVP Exploration and Production now owns 37,607 shares.

Before that, Helms Lloyd W Jr sold 5,000 shares. EOG Resources Inc. shares valued at $579,350 were divested by the President & COO at a price of $115.87 per share. As a result of the transaction, Helms Lloyd W Jr now holds 149,689 shares, worth roughly $19.97 million.

Tudor Pickering Holt & Co. downgraded its EOG Resources Inc. [EOG] rating to a Hold from a a Buy in a research note published on Tuesday.

Price Performance Review of EOG

On Tuesday, EOG Resources Inc. [NYSE:EOG] saw its stock jump 1.84% to $133.39. On the same session, the stock had its day’s lowest price of $131.67, but rose to a high of $135.41. Over the last five days, the stock has gained 4.69%. EOG Resources Inc. shares have risen nearly 3.94% since the year began. Nevertheless, the stocks have risen 16.17% over the past one year. While a 52-week high of $147.74 was reached on 01/27/23, a 52-week low of $98.52 was recorded on 03/16/23. SMA at 50 days reached $124.84, while 200 days put it at $122.00. A total of 3.74 million shares were traded, compared to the trading of 2.46 million shares in the previous session.

Levels Of Support And Resistance For EOG Stock

The 24-hour chart illustrates a support level at 131.57, which if violated will result in even more drops to 129.75. On the upside, there is a resistance level at 135.31. A further resistance level may holdings at 137.23. The Relative Strength Index (RSI) on the 14-day chart is 65.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.31%. Stochastics %K at 80.95% indicates the stock is a selling.

How much short interest is there in EOG Resources Inc.?

A steep rise in short interest was recorded in EOG Resources Inc. stocks on Aug 14, 2023, growing by 70000.0 shares to a total of 8.03 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.96 million shares. There was a rise of 0.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.83.

EOG Resources Inc. [EOG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 51,829,588 shares, or roughly 8.86% of the outstanding EOG shares. In other words, the investor’s shares have fallen by -611,018 from its previous 13-F filing of 52440606.0. Additionally, Capital Research & Management Co increased 10.95% of its stake after which the total value it holdings stand at $4,495,901,997, while SSgA Funds Management, Inc. reduced -7.01% of its stake to hold $4.47 billion in the firm. Over the last quarter, BlackRock Fund Advisors sold -2,529,525 shares of EOG Resources Inc., while Wellington Management Co. LLP sold -1,223,211 shares. At present, JPMorgan Investment Management, I is holding 20,909,265 shares valued at $2.77 billion. Capital Research & Management Co owned 13,816,005 shares of the company at the time of its most recent 13F filing, worth $1.83 billion.

According to FactSet, EOG Resources Inc.’s share price will average $147.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.52 percent from its previous closing price of $130.98. Analysts expect EOG Resources Inc. stock to reach the higher price of $169.00, while the lowest price estimate is $113.00. However, 34 analysts have rated EOG stock as an Overweight in their predictions for 2023.


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