EOG Resources, Inc.’s filing revealed that its EVP, Gen. Counsel & Corp Sec Donaldson Michael P unloaded Company’s shares for reported $1.43 million on Aug 26 ’24. In the deal valued at $129.50 per share,11,037 shares were sold. As a result of this transaction, Donaldson Michael P now holds 74,250 shares worth roughly $8.86 million.
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Then, Donaldson Michael P bought 11,037 shares, generating $1,429,292 in total proceeds.
Before that, CRISP CHARLES R sold 6,500 shares. EOG Resources, Inc. shares valued at $816,405 were divested by the Director at a price of $125.60 per share. As a result of the transaction, CRISP CHARLES R now holds 60,892 shares, worth roughly $7.27 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 jump 0.97% to $119.37. Over the last five days, the stock has lost -0.81%. EOG Resources, Inc. shares have fallen nearly -1.31% since the year began. Nevertheless, the stocks have fallen -9.04% 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 $125.85, while 200 days put it at $123.33.
Levels Of Support And Resistance For EOG Stock
The 24-hour chart illustrates a support level at 118.56, which if violated will result in even more drops to 117.76. On the upside, there is a resistance level at 120.11. A further resistance level may holdings at 120.86. The Relative Strength Index (RSI) on the 14-day chart is 36.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.69%. Stochastics %K at 17.64% indicates the stock is a buying.
How much short interest is there in EOG Resources, Inc.?
A steep rise in short interest was recorded in EOG Resources, Inc. stocks on 2024-08-30, growing by 1.75 million shares to a total of 11.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.16 million shares. There was a rise of 14.67%, which implies that there is a positive sentiment for the stock.
