Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EOG Resources, Inc. shares valued at $611,517 were sold by Yacob Ezra Y on May 21 ’24. At $129.31 per share, Yacob Ezra Y sold 4,729 shares. The insider’s holdings dropped to 150,474 shares worth approximately $18.74 million following the completion of this transaction.
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Also, Donaldson Michael P sold 2,685 shares, netting a total of over 349,839 in proceeds. Following the sale of shares at $130.29 each, the insider now holds 109,040 shares.
Before that, Leitzell Jeffrey R. had sold 7,802 shares from its account. In a trade valued at $1,014,812, the EVP & COO traded EOG Resources, Inc. shares for $130.07 each. Upon closing the transaction, the insider’s holdings decreased to 7,802 shares, worth approximately $4.86 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 surge of approximately 2.10%. Over the course of the year, EOG Resources, Inc. shares have jumped approximately 2.98%. 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 $126.84, while a 200-day SMA reached $123.62. Nevertheless, trading volume fell to 1.73 million shares from 2.3 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 123.64, which, if violated, would cause prices to drop to 122.74. In the upper region, resistance lies at 125.48. The next price resistance is at 126.41. RSI (Relative Strength Index) is 53.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.13, which suggests the price will increase in the coming days. Percent R is at 17.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
