EOG Resources, Inc. (EOG) Stock Could Soon Reward Patient Investors

EOG Resources, Inc. (NYSE: EOG) is -8.19% lower on its value in year-to-date trading and has touched a low of $97.27 and a high of $135.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EOG stock was last observed hovering at around $113.06 in the last trading session, with the day’s loss setting it -2.01%.

Currently trading at $111.05, the stock is -1.45% and -5.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing -1.78% at the moment leaves the stock -7.37% off its SMA200. EOG registered -11.76% loss for a year compared to 6-month loss of -14.17%. The firm has a 50-day simple moving average (SMA 50) of $2.69 and a 200-day simple moving average (SMA200) of $4.67.

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The stock witnessed a -3.43% gain in the last 1 month and extending the period to 3 months gives it a -7.21%, and is 0.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.23% over the week and 2.10% over the month.

EOG Resources, Inc. (EOG) has around Jan 16 2024 employees, a market worth around $64.76B and $23.73B in sales. Current P/E ratio is 8.25 and Fwd P/E is 9.28. Profit margin for the company is 33.22%. Distance from 52-week low is 14.16% and -17.78% from its 52-week high. The company has generated returns on investments over the last 12 months (25.00%).

EOG Resources, Inc. quarterly earnings per share for the current quarter are estimated at $3.07 with sales reaching $6.19B over the same period.The EPS is expected to shrink by -13.86% this year, but quarterly earnings will post -7.50% year-over-year. Quarterly sales are estimated to shrink -7.90% in year-over-year returns.

EOG Resources, Inc. (EOG) Top Institutional Holders

1,830 institutions hold shares in EOG Resources, Inc. (EOG), with institutional investors hold 91.80% of the company’s shares. The shares outstanding are 587.70M, and float is at 580.88M with Short Float at 1.16%. Institutions hold 91.35% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 54.28 million shares valued at $6.21 billion. The investor’s holdings represent 9.32% of the EOG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 42.8 million shares valued at $4.9 billion to account for 7.35% of the shares outstanding. The other top investors are Capital Research Global Investors which holds 33.92 million shares representing 5.83% and valued at over $3.88 billion, while State Street Corporation holds 5.80% of the shares totaling 33.75 million with a market value of $3.86 billion.

EOG Resources, Inc. (EOG) Insider Activity

A total of 32 insider transactions have happened at EOG Resources, Inc. (EOG) in the last six months, with sales accounting for 13 and purchases happening 19 times. The most recent transaction is an insider sale by Helms Lloyd W Jr ,the company’sPresident & COO. SEC filings show that Helms Lloyd W Jr sold 4,551 shares of the company’s common stock on Aug 15 at a price of $130.76 per share for a total of $0.6 million. Following the sale, the insider now owns 0.15 million shares.

EOG Resources, Inc. disclosed in a document filed with the SEC on Jul 07 that Leitzell Jeffrey R. (EVP Exploration and Production) sold a total of 2,031 shares of the company’s common stock. The trade occurred on Jul 07 and was made at $117.26 per share for $0.24 million. Following the transaction, the insider now directly holds 37607.0 shares of the EOG stock.

Still, SEC filings show that on Jun 07, Helms Lloyd W Jr (President & COO) disposed off 5,000 shares at an average price of $115.87 for $0.58 million. The insider now directly holds 149,689 shares of EOG Resources, Inc. (EOG).

EOG Resources, Inc. (EOG): Who are the competitors?

The company’s main competitors (and peers) include Pioneer Natural Resources Co. (PXD) that is trading -2.25% down over the past 12 months. Devon Energy Corp. (DVN) that is -34.57% lower over the same period.