EOG Resources stock is trading -17.08% below its average target price of $147.85 after dropping -1.3% during today's afternoon session. Analysts are giving the large-cap Oil & Gas Drilling company an average rating of buy and target prices ranging from $113.0 to $172.0 per share.
The stock has a very low short interest at 1.1%, and a short ratio of 2.39. 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 |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 54,067,704 | $6,628,700,427 |
| 2023-09-30 | Blackrock Inc. | 7% | 40,441,979 | $4,958,186,563 |
| 2023-09-30 | Capital Research Global Investors | 6% | 36,277,283 | $4,447,594,840 |
| 2023-09-30 | State Street Corporation | 6% | 34,683,397 | $4,252,184,419 |
| 2023-09-30 | JP Morgan Chase & Company | 5% | 29,369,421 | $3,600,690,969 |
| 2023-09-30 | Wellington Management Group, LLP | 4% | 23,604,339 | $2,893,891,925 |
| 2023-09-30 | Capital World Investors | 3% | 15,965,295 | $1,957,345,142 |
| 2023-09-30 | Charles Schwab Investment Management, Inc. | 2% | 12,937,070 | $1,586,084,762 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 12,474,863 | $1,529,418,184 |
| 2023-09-30 | Capital International Investors | 2% | 12,125,554 | $1,486,592,901 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on EOG Resources.
