Investors Are Bullish on EOG Resources - Here's What You Need to Know.

This evening we watched EOG Resources rise 3.1% to a price of $120.6 per share. The large-cap Oil & Gas Drilling company is now trading -18.22% below its average target price of $147.46. 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.

EOG Resources's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.4%. The stock's short ratio is 2.5. The company's insiders own 0.49% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 91.0%. In conclusion, we believe there is mixed market sentiment regarding EOG Resources.

Institutions Invested in EOG Resources

Date Reported Holder Percentage Shares Value
2023-09-30 Vanguard Group Inc 9% 54,067,704 $6,520,565,019
2023-09-30 Blackrock Inc. 7% 40,441,979 $4,877,302,605
2023-09-30 Capital Research Global Investors 6% 36,277,283 $4,375,040,274
2023-09-30 State Street Corporation 6% 34,683,397 $4,182,817,625
2023-09-30 JP Morgan Chase & Company 5% 29,369,421 $3,541,952,127
2023-09-30 Wellington Management Group, LLP 4% 23,604,339 $2,846,683,247
2023-09-30 Capital World Investors 3% 15,965,295 $1,925,414,552
2023-09-30 Charles Schwab Investment Management, Inc. 2% 12,937,070 $1,560,210,622
2023-09-30 Geode Capital Management, LLC 2% 12,474,863 $1,504,468,458
2023-09-30 Capital International Investors 2% 12,125,554 $1,462,341,793
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.