EOG Resources
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
24% more repeat investments, than reductions
Existing positions increased: 621 | Existing positions reduced: 502
2% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 121
0% more funds holding
Funds holding: 1,424 [Q1] → 1,427 (+3) [Q2]
0.49% less ownership
Funds ownership: 91.32% [Q1] → 90.83% (-0.49%) [Q2]
3% less capital invested
Capital invested by funds: $67.7B [Q1] → $65.7B (-$2.01B) [Q2]
5% less call options, than puts
Call options by funds: $983M | Put options by funds: $1.03B
27% less funds holding in top 10
Funds holding in top 10: 15 [Q1] → 11 (-4) [Q2]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Keybanc Tim Rezvan 50% 1-year accuracy 13 / 26 met price target | 19%upside $150 | Overweight Maintained | 16 Oct 2024 |
RBC Capital Scott Hanold 45% 1-year accuracy 13 / 29 met price target | 17%upside $147 | Sector Perform Reiterated | 14 Oct 2024 |
Scotiabank Paul Cheng 15% 1-year accuracy 5 / 33 met price target | 11%upside $140 | Sector Perform Maintained | 10 Oct 2024 |
Barclays Betty Jiang 43% 1-year accuracy 9 / 21 met price target | 9%upside $137 | Equal-Weight Maintained | 3 Oct 2024 |
Wells Fargo Roger Read 40% 1-year accuracy 36 / 89 met price target | 7%upside $135 | Equal-Weight Maintained | 1 Oct 2024 |
Financial journalist opinion
Based on 16 articles about EOG published over the past 30 days
