EOG Resources, Inc.’s recent filing unveils that its EVP & COO Leitzell Jeffrey R. unloaded Company’s shares for reported $0.51 million on Aug 09 ’24. In the deal valued at $126.48 per share,4,000 shares were sold. As a result of this transaction, Leitzell Jeffrey R. now holds 35,058 shares worth roughly $4.49 million.
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Then, Leitzell Jeffrey R. bought 4,000 shares, generating $505,920 in total proceeds.
Before that, Yacob Ezra Y sold 4,729 shares. EOG Resources, Inc. shares valued at $611,517 were divested by the Chairman & CEO at a price of $129.31 per share. As a result of the transaction, Yacob Ezra Y now holds 150,474 shares, worth roughly $19.27 million.
A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. Scotiabank also remained covering EOG and has decreased its forecast on April 11, 2024 with a “Sector perform” recommendation from previously “Sector outperform” rating. Barclays started covering the stock on April 10, 2024. It rated EOG as “an Equal weight”.
Price Performance Review of EOG
On Friday, EOG Resources, Inc. [NYSE:EOG] saw its stock fall -0.05% to $128.06. Over the last five days, the stock has gained 1.21%. EOG Resources, Inc. shares have risen nearly 5.88% since the year began. Nevertheless, the stocks have risen 0.86% over the past one year. While a 52-week high of $139.67 was reached on 04/12/24, a 52-week low of $108.94 was recorded on 02/05/24. SMA at 50 days reached $125.29, while 200 days put it at $123.32.
Levels Of Support And Resistance For EOG Stock
The 24-hour chart illustrates a support level at 127.44, which if violated will result in even more drops to 126.81. On the upside, there is a resistance level at 128.56. A further resistance level may holdings at 129.05. The Relative Strength Index (RSI) on the 14-day chart is 55.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.51%. Stochastics%K at 86.11% 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 2024-07-31, dropping by 52597.0 shares to a total of 10.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 10.21 million shares. There was a decline of -0.52%, which implies that there is a negative sentiment for the stock.
