Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. EOG Resources, Inc. shares valued at $349,839 were sold by Donaldson Michael P on May 13 ’24. At $130.29 per share, Donaldson Michael P sold 2,685 shares. The insider’s holdings dropped to 109,040 shares worth approximately $13.74 million following the completion of this transaction.
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Also, Leitzell Jeffrey R. sold 7,802 shares, netting a total of over 1,014,812 in proceeds. Following the sale of shares at $130.07 each, the insider now holds 39,054 shares.
Before that, Helms Lloyd W Jr had sold 1,296 shares from its account. In a trade valued at $168,827, the President traded EOG Resources, Inc. shares for $130.27 each. Upon closing the transaction, the insider’s holdings decreased to 1,296 shares, worth approximately $20.31 million.
As published in a research note from Truist on May 16, 2024, EOG Resources, Inc. [EOG] has been rated down from a Buy to a Hold and the price target has been revised to $136 from $163. Analysts at Scotiabank downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid April. As of April 10, 2024, Barclays has initiated its “an Equal weight” rating for EOG. Earlier on January 05, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for EOG stock which previously was a “a Buy”.
Analyzing EOG Stock Performance
During the last five days, there has been a drop of approximately -2.35%. Over the course of the year, EOG Resources, Inc. shares have jumped approximately 4.22%. Shares of the company reached a 52-week high of $139.67 on 04/12/24 and a 52-week low of $108.94 on 02/05/24. A 50-day SMA is recorded $130.60, while a 200-day SMA reached $124.57. Nevertheless, trading volume fell to 3.62 million shares from 2.21 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 124.96, which, if violated, would cause prices to drop to 123.88. In the upper region, resistance lies at 127.79. The next price resistance is at 129.54. RSI (Relative Strength Index) is 35.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 93.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
