Recent Insider Activity Suggests Potential Gains for EOG Resources, Inc. (EOG)

In a filing, EOG Resources, Inc. revealed 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 $16.13 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 $16.62 million.

BofA Securities downgraded its EOG Resources, Inc. [EOG] rating to a Neutral from a a Buy in a research note published on Tuesday, January 05, 2024; the price target was decreased to $140 from $147.

Price Performance Review of EOG

On Tuesday, EOG Resources, Inc. [NYSE:EOG] saw its stock fall -1.61% to $111.03. Over the last five days, the stock has lost -0.76%. EOG Resources, Inc. shares have fallen nearly -8.20% since the year began. Nevertheless, the stocks have fallen -15.39% over the past one year. While a 52-week high of $135.06 was reached on 01/04/24, a 52-week low of $97.27 was recorded on 02/05/24. SMA at 50 days reached $116.94, while 200 days put it at $121.07. A total of 3.64 million shares were traded, compared to the trading of 3.79 million shares in the previous session.

Levels Of Support And Resistance For EOG Stock

The 24-hour chart illustrates a support level at 109.48, which if violated will result in even more drops to 107.92. On the upside, there is a resistance level at 112.99. A further resistance level may holdings at 114.94. The Relative Strength Index (RSI) on the 14-day chart is 42.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.68%. Stochastics %K at 34.05% indicates the stock is a holding.

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

A steep rise in short interest was recorded in EOG Resources, Inc. stocks on Jan 31, 2024, dropping by -0.96 million shares to a total of 6.71 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 7.67 million shares. There was a decline of -14.31%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.15% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.27.

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