EOG ResourcesEOG
EOG
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 11 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
8% more first-time investments, than exits
New positions opened: 111 | Existing positions closed: 103
7% more repeat investments, than reductions
Existing positions increased: 600 | Existing positions reduced: 559
1% more funds holding
Funds holding: 1,434 [Q2] → 1,442 (+8) [Q3]
0% more call options, than puts
Call options by funds: $843M | Put options by funds: $842M
0% more funds holding in top 10
Funds holding in top 10: 11 [Q2] → 11 (+0) [Q3]
1.98% less ownership
Funds ownership: 92.18% [Q2] → 90.2% (-1.98%) [Q3]
5% less capital invested
Capital invested by funds: $66.7B [Q2] → $63.1B (-$3.6B) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$134
13%
upside
Avg. target
$145
22%
upside
High target
$167
40%
upside
11 analyst ratings
5 positive
45%
6 neutral
55%
0 negative
0%
Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target | 18%upside $140 | Neutral Maintained | 17 Dec 2024 |
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target | 26%upside $150 | Overweight Upgraded | 17 Dec 2024 |
Mizuho Nitin Kumar 19% 1-year accuracy 15 / 79 met price target | 24%upside $148 | Outperform Maintained | 16 Dec 2024 |
Citigroup Scott Gruber 41% 1-year accuracy 27 / 66 met price target | 13%upside $134 | Neutral Maintained | 26 Nov 2024 |
Raymond James John Freeman 33% 1-year accuracy 10 / 30 met price target | 40%upside $167 | Strong Buy Maintained | 21 Nov 2024 |
Financial journalist opinion
Based on 16 articles about EOG published over the past 30 days
Positive
Seeking Alpha
1 day ago
EOG Resources Stock: Nowhere Near Cycle-Bottom, Why I'm Buying More
EOG Resources, Inc. is currently trading 15% below its 52-week-high. But is it a good time to buy O&G stock when we are clearly nowhere near cycle-lows?
Neutral
PRNewsWire
2 days ago
EOG Resources to Present at Upcoming Conference
HOUSTON , Dec. 18, 2024 /PRNewswire/ -- EOG Resources, Inc. (EOG) is scheduled to present at the Goldman Sachs Energy, CleanTech and Utilities Conference at 2:40 p.m. Central time (3:40 p.m.
Neutral
Zacks Investment Research
3 days ago
Here's Why Hold Strategy is Apt for EOG Resources Stock Now
Favorable oil prices are aiding EOG. However, as an upstream company, it is highly exposed to extreme volatility in commodity prices.
Positive
Zacks Investment Research
5 days ago
Rig Count Stays Steady: Should EOG & MTDR Stocks Be on Your Watchlist?
It would be wise to watch EOG & MTDR stocks on favorable crude price, with BKR's weekly rig count report stating that the tally is flat.
Positive
Seeking Alpha
1 week ago
'Oil' Be Back - If You Like (Special) Dividends, You'll Love EOG Resources
The energy sector, particularly EOG Resources, is undervalued and poised for growth despite current market sentiment favoring tech stocks and growth sectors. The Company boasts low breakeven prices, efficient production, and a strong balance sheet, ensuring robust shareholder returns through dividends and buybacks. EOG's strategic focus on high-margin opportunities and prudent expansion in the Permian Basin supports long-term growth and profitability.
Positive
MarketBeat
1 week ago
EOG Resources Stock: Cash Flow King Poised for New Highs in 2025
EOG Resources NYSE: EOG is a small, diversified energy play and a cash flow gusher on track to hit new all-time highs in 2025. Despite numerous headwinds, the company is ramping up production, improving operational quality, sustaining a robust cash flow and FCF growth, and delivering a robust capital return to its investors.
Positive
Zacks Investment Research
1 week ago
US Oil Imports Set for Multidecade Low in 2025: Who Benefits?
The fall in oil import volumes in 2025 is expected to create opportunities for upstream players like EOG and COP, as well as midstream firms like KMI and ENB.
Positive
Zacks Investment Research
1 week ago
More Rigs in Action: Are EOG & MTDR Stocks Must Watch Now?
It would be wise to focus on EOG & MTDR stocks, as the crude price is favorable with BKR's weekly rig count report stating that the tally is rising.
Positive
Seeking Alpha
2 weeks ago
5 Relatively Secure And Cheap Dividend Stocks For December 2024: Yields Up To 9%
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.28%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 9%.
Positive
MarketBeat
2 weeks ago
3 Hot Buyback Announcements That Will Drive Value in 2025
Share buybacks are important for the stock market because, all else being equal, they increase earnings and equity per share. With earnings per share and equity rising, the stock price has little else to do but follow the leader to new highs.
Charts implemented using Lightweight Charts™