EOG Resources (EOG) has experienced significant shifts in its stake investments. Various investment firms have altered their positions, with some like
Heartland Advisors, and
Foundry Partners holding significant stakes worth millions, while others have reduced their shares, such as
Pacer Advisors and
Pinnacle Associates Ltd. Notably, the trading volume has plummeted, even amid a slight increase in stock price.
Raymond James has raised the price target, while Susquehanna has predicted strong price appreciation for EOG. There are plans for EOG to pair with Encino, with a $5.6 billion deal to expand in Utica Shale. This acquisition will lead to layoffs at Encino Energy. Recognizing the potential,
UBS has maintained a βBuyβ rating on EOG. EOG Resources was given an oil exploration concession for an unconventional shale block in the UAE. Despite tariff uncertainty that saw a trim in their capex plan, the company remains robust with new acquisitions and positive investor outlook.
Eog Resources EOG News Analytics from Fri, 28 Feb 2025 08:00:00 GMT to Sat, 26 Jul 2025 13:38:56 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -2
