Fintel reports that on October 4, 2023, UBS maintained coverage of EOG Resources (NYSE:EOG) with a Buy recommendation.
Analyst Price Forecast Suggests 20.01% Upside
As of August 31, 2023, the average one-year price target for EOG Resources is 149.11. The forecasts range from a low of 114.13 to a high of $177.45. The average price target represents an increase of 20.01% from its latest reported closing price of 124.24.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for EOG Resources is 28,425MM, an increase of 12.69%. The projected annual non-GAAP EPS is 15.36.
What is the Fund Sentiment?
There are 2428 funds or institutions reporting positions in EOG Resources. This is a decrease of 81 owner(s) or 3.23% in the last quarter. Average portfolio weight of all funds dedicated to EOG is 0.45%, a decrease of 4.44%. Total shares owned by institutions decreased in the last three months by 0.38% to 654,708K shares. 
The put/call ratio of EOG is 1.00, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 33,924K shares representing 5.83% ownership of the company. In it's prior filing, the firm reported owning 30,575K shares, representing an increase of 9.87%. The firm increased its portfolio allocation in EOG by 4.01% over the last quarter.
Jpmorgan Chase holds 26,853K shares representing 4.61% ownership of the company. In it's prior filing, the firm reported owning 24,990K shares, representing an increase of 6.94%. The firm increased its portfolio allocation in EOG by 662.09% over the last quarter.
Wellington Management Group Llp holds 25,674K shares representing 4.41% ownership of the company. In it's prior filing, the firm reported owning 26,897K shares, representing a decrease of 4.76%. The firm decreased its portfolio allocation in EOG by 9.06% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 18,252K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 18,200K shares, representing an increase of 0.29%. The firm decreased its portfolio allocation in EOG by 7.63% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 13,925K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 13,706K shares, representing an increase of 1.57%. The firm decreased its portfolio allocation in EOG by 8.14% over the last quarter.
EOG Resources Background Information
(This description is provided by the company.)
EOG Resources, Inc. is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States, Trinidad, and China.
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