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

EOG Resources, Inc. (NYSE: EOG) is 7.28% higher on its value in year-to-date trading and has touched a low of $104.97 and a high of $135.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EOG stock was last observed hovering at around $127.84 in the last trading session, with the day’s gains setting it 1.92%.

Currently trading at $129.76, the stock is 6.18% and 11.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.8 million and changing 1.50% at the moment leaves the stock 7.15% off its SMA200. EOG registered 16.63% gain for a year compared to 6-month loss of 1.51%. The firm has a 50-day simple moving average (SMA 50) of $3.18 and a 200-day simple moving average (SMA200) of $5.53.

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The stock witnessed a 13.37% gain in the last 1 month and extending the period to 3 months gives it a 6.95%, and is 3.94% 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 1.76% over the week and 1.61% over the month.

EOG Resources, Inc. (EOG) has around 3050 employees, a market worth around $75.26B and $23.27B in sales. Current P/E ratio is 9.97 and Fwd P/E is 10.86. Profit margin for the company is 32.63%. Distance from 52-week low is 23.61% and -3.92% 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 $2.62 with sales reaching $5.89B over the same period.The EPS is expected to shrink by -2.29% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to shrink -2.50% in year-over-year returns.

EOG Resources, Inc. (EOG) Top Institutional Holders

1,874 institutions hold shares in EOG Resources, Inc. (EOG), with institutional investors hold 91.67% of the company’s shares. The shares outstanding are 580.86M, and float is at 578.59M with Short Float at 1.63%. Institutions hold 91.21% 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).

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