EOG Resources (EOG)

• Market cap: $76.8B
• 1 day: -1.06%
• 5 days: 3.54%
• 1 month: 10.91%
• 3 months: 7.51%
• 6 months: 3.17%
• Year to date: 9.52%
• 1 year: 23.46%
• 5 years: 60.10%
• 10 years: 52.89%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

About: EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2023, it reported net proven reserves of 4.5 billion barrels of oil equivalent. Net production averaged roughly 985,000 barrels of oil equivalent per day in 2023 at a ratio of 71% oil and natural gas liquids and 29% natural gas.

Employees: 3,050

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

37% more first-time investments, than exits

New positions opened: 111 | Existing positions closed: 81

8% more repeat investments, than reductions

Existing positions increased: 601 | Existing positions reduced: 559

1% more call options, than puts

Call options by funds: $866M | Put options by funds: $858M

1% more funds holding

Funds holding: 1,435 [Q2] → 1,443 (+8) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 11 [Q2] → 11 (+0) [Q3]

2.31% less ownership

Funds ownership: 97.13% [Q2] → 94.82% (-2.31%) [Q3]

6% less capital invested

Capital invested by funds: $70.3B [Q2] → $66.3B (-$3.95B) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $134 2% downside
• Avg. target: $146 7% upside
• High target: $167 22% upside

8 analyst ratings

• positive: 3 38%
• neutral: 5 63%
• negative: 0 0%

Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target	0% upside $137	Hold Maintained	13 Jan 2025
B of A Securities Noah Hungness 75% 1-year accuracy 9 / 12 met price target	5% upside $144	Neutral Downgraded	13 Jan 2025
RBC Capital Scott Hanold 72% 1-year accuracy 33 / 46 met price target	10% upside $150	Sector Perform Reiterated	6 Jan 2025
Piper Sandler Mark Lear 54% 1-year accuracy 98 / 181 met price target	3% upside $140	Neutral Maintained	17 Dec 2024
Wells Fargo Roger Read 40% 1-year accuracy 42 / 104 met price target	10% upside $150	Overweight Upgraded	17 Dec 2024