Capital Research & Management Co has recently announced that it has increased stake in EOG Resources, Inc. (NYSE:EOG) by 6.94%. After grabbing 36.28 million shares, the institutional investor is now in possession of 2.35 million shares of the Energy Company. The new investment brought the stake of investor firm to 6.22% having worth around $4.46 billion. Moreover, SSgA Funds Management, Inc. increased its share by 0.93 million to have a control over 34.68 million shares. And JPMorgan Investment Management, I raised its holdings to 1.23 million shares by acquiring 22.14 million shares or 3.80% of the stake.
EOG Resources, Inc. (EOG) concluded trading on 01/10/24 at a closing price of $114.99, with 3.1 million shares of worth about $356.6 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.31% during that period and on Wednesday the price saw a loss of about -0.93%. Currently the company’s common shares owned by public are about 587.70M shares, out of which, 580.89M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 33 analysts are covering the EOG stock and their offered price forecasts bring an average price target of $143.95. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $172.00 and could fall to a lowest price of $113.00. The stock’s current price level is 20.12% above of average price target set by the analysts, while a rise to estimated low would result in loss of -1.76% for the stock. However, touching the estimated high of $172.00 would mean a gain of 33.15% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 141 times over the past 12 months. They bought 227,031 shares in 99 of the transactions. In 42 selling transactions, insiders dumped 99,803 shares.
Vanguard Total Stock Market ETF, SPDR Series – Energy Select Secto, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in EOG Resources, Inc. Vanguard Total Stock Market ETF is currently holding 18.26 million shares of worth totaling $2.25 billion. The company recently came buying 32501.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. SPDR Series – Energy Select Secto sold -0.16 million shares, after which its hold over company’s outstanding shares shrunk to 2.47%, leaving 14.41 million shares with the mutual fund that have a worth of about $1.77 billion. Vanguard 500 Index Fund, after buying 14.06 million shares, have now control over 2.41% of the stake in the company. It holds 65449.0 shares of worth $1.73 billion.
EOG Resources, Inc. (NYSE: EOG) started trading at $116.05, below -$0.02 from concluding price of the previous day. Stock saw a price change of -7.99% in past 5 days and over the past one month there was a price change of -2.10%. Year-to-date (YTD), EOG shares are showing a performance of -4.93% which decreased to -7.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $97.27 but also hit the highest price of $135.06 during that period. The average intraday trading volume for EOG Resources, Inc. shares is 3.22 million. The stock is currently trading -4.70% below its 20-day simple moving average (SMA20), while that difference is down -5.28% for SMA50 and it goes to -4.35% lower than SMA200.
Capital Research & Management Co acquired 36.28 million shares of EOG Resources, Inc. having value of about $4.46 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 2.35 million shares in the company valued at close to $270643683.72, or have control over 6.94% stake in the company. EOG Resources, Inc. (NYSE: EOG) currently have 587.70M outstanding shares and institutions hold larger chunk of about 91.05% of that. Holding of mutual funds in the company is about 31.43% while other institutional holders and individual stake holders have control over 60.19% and 1.26% of the stake respectively.
The stock has a current market capitalization of $67.06B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 8.54, while it has posted earnings per share of $13.46 in the same period. Its PEG reads 0.16 and has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EOG, volatility over the week remained 2.61% while standing at 2.04% over the month.
Analysts are in expectations that EOG Resources, Inc. (EOG) stock would likely to be making an EPS of $Neogen Corporation in the current quarter, while forecast for next quarter EPS is $18.75 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Eldorado Gold Corporation which is $Everest Group, Ltd. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Harley-Davidson, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -13.07% while it is estimated to increase by 4.64% in next year. EPS is likely to grow at an annualized rate of 54.90% for next 5-years, compared to annual growth of 24.27% made by the stock over the past 5-years.
Analysts at 33 brokerage firms have issued recommendations for the EOG Resources, Inc. (EOG)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.82. Out of those 33 Wall Street analysts, 18 recommended a “Buy” rating, while 12 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on January 05, 2024 offering a Neutral rating for the stock and assigned a target price range of between $147 and $140 to it.
