This morning we watched EOG Resources rise 1.7% to a price of $126.3 per share. The large-cap Oil & Gas Drilling company is now trading -14.52% below its average target price of $147.74. Analysts have set target prices ranging from $113.0 to $172.0 per share for EOG Resources, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.2%, and a short ratio of 2.34. The company's insiders own 0.48% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 91.2% of EOG Resources's shares being owned by this investor type.
Institutions Invested in EOG Resources
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 54,278,956 | $6,855,160,648 |
| 2023-06-30 | Blackrock Inc. | 7% | 42,801,948 | $5,405,671,944 |
| 2023-06-30 | Capital Research Global Investors | 6% | 33,923,655 | $4,284,387,946 |
| 2023-06-30 | State Street Corporation | 6% | 33,754,557 | $4,263,031,714 |
| 2023-06-30 | JP Morgan Chase & Company | 5% | 26,852,905 | $3,391,387,587 |
| 2023-06-30 | Wellington Management Group, LLP | 4% | 25,674,202 | $3,242,523,294 |
| 2023-06-30 | Capital International Investors | 2% | 13,816,005 | $1,744,892,326 |
| 2023-06-30 | Charles Schwab Investment Management, Inc. | 2% | 12,791,379 | $1,615,487,187 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 12,183,166 | $1,538,672,927 |
| 2023-06-30 | Ameriprise Financial, Inc. | 2% | 10,639,576 | $1,343,725,231 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on EOG Resources.
