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Truist’s latest rating for EOG stock

EOG Resources, Inc.’s recently made public that its Chairman & CEO Yacob Ezra Y unloaded Company’s shares for reported $0.61 million on May 21 ’24. In the deal valued at $129.31 per share,4,729 shares were sold. As a result of this transaction, Yacob Ezra Y now holds 150,474 shares worth roughly $18.03 million.

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Then, Donaldson Michael P sold 2,685 shares, generating $349,839 in total proceeds. Upon selling the shares at $130.29, the EVP, Gen. Counsel & Corp Sec now owns 109,040 shares.

Before that, Leitzell Jeffrey R. sold 7,802 shares. EOG Resources, Inc. shares valued at $1,014,812 were divested by the EVP & COO at a price of $130.07 per share. As a result of the transaction, Leitzell Jeffrey R. now holds 39,054 shares, worth roughly $4.68 million.

Truist downgraded its EOG Resources, Inc. [EOG] rating to a Hold from a a Buy in a research note published on May 16, 2024; the price target was decreased to $136 from $163. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in mid April from “a Sector outperform” to “a Sector perform”. Barclays began covering EOG with “an Equal weight” recommendation on April 10, 2024. BofA Securities revised its rating on January 05, 2024. It rated EOG as “a Neutral” which previously was an “a Buy”.

Price Performance Review of EOG

On Tuesday, EOG Resources, Inc. [NYSE:EOG] saw its stock jump 0.13% to $119.80. Over the last five days, the stock has lost -4.81%. EOG Resources, Inc. shares have fallen nearly -0.95% since the year began. Nevertheless, the stocks have risen 8.41% over the past one year. While a 52-week high of $139.67 was reached on 04/12/24, a 52-week low of $104.99 was recorded on 02/05/24. SMA at 50 days reached $130.35, while 200 days put it at $124.27. A total of 4.37 million shares were traded, compared to the trading of 3.24 million shares in the previous session.

Levels Of Support And Resistance For EOG Stock

The 24-hour chart illustrates a support level at 118.12, which if violated will result in even more drops to 116.44. On the upside, there is a resistance level at 120.76. A further resistance level may holdings at 121.72. The Relative Strength Index (RSI) on the 14-day chart is 33.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.79%. Stochastics %K at 21.33% indicates the stock is a holding.

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