The **investment activity** in **EOG Resources** (NYSE:EOG) appears to be mixed, with several firms either increasing, reducing, or maintaining their holdings. **Crossmark Global Holdings, ARGA Investment Management, Callahan Advisors, DekaBank Deutsche Girozentrale, and IFM Investors** notably increased their stock positions. However, firms like **Axxcess Wealth Management, M&T Bank Corp, Hendley & Co., and Principal Financial Group** reduced their shares. **UBS and Jefferies** maintained a 'Buy' rating, while **Roth Capital** downgraded the stock to 'Neutral'. EOG Resources made a **significant acquisition** with the $5.6 billion buyout of **Encino Acquisition Partners**, thereby increasing its presence in Ohio. The company also pulled permits for a Pearsall Shale test and completed a $3.5 billion debt offering with multi-year notes. Notably, EOG Resources was advised by White & Case on a new oil exploration concession for an unconventional shale block in UAE. Despite this, concerns about global oil prices being close to near-term top led to the stock being cut at Roth.
Eog Resources EOG News Analytics from Fri, 28 Feb 2025 08:00:00 GMT to Sat, 12 Jul 2025 21:44:34 GMT -
Rating 4
- Innovation -1
- Information 6
- Rumor 2
