EOG Resources, Inc. (NYSE: EOG) is -1.84% 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 $117.85 in the last trading session, with the day’s gains setting it 0.87%.
Currently trading at $118.72, the stock is 4.07% and 3.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.14 million and changing 0.74% at the moment leaves the stock -1.15% off its SMA200. EOG registered 2.99% gain for a year compared to 6-month loss of -8.60%. The firm has a 50-day simple moving average (SMA 50) of $2.95 and a 200-day simple moving average (SMA200) of $5.13.
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The stock witnessed a 5.51% gain in the last 1 month and extending the period to 3 months gives it a 0.41%, and is 2.26% 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 1.81% over the week and 2.09% over the month.
EOG Resources, Inc. (EOG) has around 3050 employees, a market worth around $68.86B and $23.27B in sales. Current P/E ratio is 9.13 and Fwd P/E is 9.96. Profit margin for the company is 32.63%. Distance from 52-week low is 22.05% and -12.10% from its 52-week high. The company has generated returns on investments over the last 12 months (23.34%).
EOG Resources, Inc. quarterly earnings per share for the current quarter are estimated at $2.53 with sales reaching $5.86B over the same period.The EPS is expected to shrink by -3.77% this year, but quarterly earnings will post 0.80% year-over-year. Quarterly sales are estimated to shrink -3.00% in year-over-year returns.
EOG Resources, Inc. (EOG) Top Institutional Holders
1,871 institutions hold shares in EOG Resources, Inc. (EOG), with institutional investors hold 91.65% of the company’s shares. The shares outstanding are 580.86M, and float is at 577.74M with Short Float at 1.19%. Institutions hold 91.19% 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
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 ’23 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 ’23 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 ’23 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 ’23, 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).
