Market cap of EOG Resources Inc. [EOG] reaches 52.70B – now what?

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EOG Resources Inc. [NYSE: EOG] traded at a low on 10/18/21, posting a -0.35 loss after which it closed the day’ session at $89.31. The company report on October 6, 2021 that EOG Resources Publishes 2020 Sustainability Report.

EOG Resources, Inc. (EOG) published its 2020 Sustainability Report, highlighting the company’s innovative leadership in sustainability and demonstrating its commitment to environmental stewardship, social engagement and corporate governance. The report can be found at www.eogresources.com/sustainability.


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“EOG employees’ commitment to our environmental, social and governance efforts did not waver during 2020,” said Ezra Y. Yacob, Chief Executive Officer. “Our employees moved the company’s ESG initiatives forward while managing a dramatic downshift to the pace of our operations, working remotely, and dealing with the uncertainty caused by a rapidly evolving pandemic.”.

The results of the trading session contributed to over 4656329 shares changing hands. Over the past one week, the price volatility of EOG Resources Inc. stands at 3.28% while the volatility over the past one month is 3.33%.

The market cap for EOG stock reached $52.70 billion, with 583.65 million shares outstanding and 581.86 million shares in the current float. Compared to the average trading volume of 4.81M shares, EOG reached a trading volume of 4656329 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about EOG Resources Inc. [EOG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EOG shares is $99.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EOG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for EOG Resources Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 14, 2021. The new note on the price target was released on September 13, 2021, representing the official price target for EOG Resources Inc. stock.

The Average True Range (ATR) for EOG Resources Inc. is set at 3.03, with the Price to Sales ratio for EOG stock in the period of the last 12 months amounting to 4.03. The Price to Book ratio for the last quarter was 2.48, with the Price to Cash per share for the same quarter was set at 6.58. Price to Free Cash Flow for EOG in the course of the last twelve months was 11.22 with Quick ratio for the last quarter at 1.60.

How has EOG stock performed recently?

EOG Resources Inc. [EOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.94. With this latest performance, EOG shares gained by 20.28% in over the last four-week period, additionally plugging by 31.90% over the last 6 months – not to mention a rise of 141.70% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EOG stock in for the last two-week period is set at 69.95, with the RSI for the last a single of trading hit 69.53, and the three-weeks RSI is set at 67.56 for EOG Resources Inc. [EOG]. The present Moving Average for the last 50 days of trading for this stock 74.87, while it was recorded at 90.01 for the last single week of trading, and 73.00 for the last 200 days.

EOG Resources Inc. [EOG]: Deeper insight into the fundamentals

EOG Resources Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.70.

Earnings analysis for EOG Resources Inc. [EOG]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for EOG Resources Inc. go to 65.95%.

Insider trade positions for EOG Resources Inc. [EOG]

There are presently around $45,766 million, or 89.00% of EOG stock, in the hands of institutional investors. The top three institutional holders of EOG stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 60,327,868, which is approximately -15.352% of the company’s market cap and around 0.30% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 53,783,237 shares of the stock with an approximate value of $4.8 billion in EOG stocks shares; and VANGUARD GROUP INC, currently with $4.3 billion in EOG stock with ownership of nearly 0.901% of the company’s market capitalization.

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489 institutional holders increased their position in EOG Resources Inc. [NYSE:EOG] by around 35,046,271 shares. Additionally, 413 investors decreased positions by around 46,550,609 shares, while 125 investors held positions by with 430,846,643 shares. The mentioned changes placed institutional holdings at 512,443,523 shares, according to the latest SEC report filing. EOG stock had 141 new institutional investments in for a total of 5,308,563 shares, while 87 institutional investors sold positions of 3,985,080 shares during the same period.