EOG Resources에 대한 매도 수량은 투자자에게 EOG Resources의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

EOG Resources (NYSE:EOG) 주식, 공매도 수량 보고

EOG Resources

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.

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미국의 에너지 대기업들의 주가가 급등하며 2년 만에 가장 강력한 성과를 기록했다. 이는 이란과 이스라엘 간의 중동에서의 갈등 확대에 대한 우려로 원유 가격이 배럴당 75달러로 상승한 데 따른 것이다.

중동 긴장 고조로 美 에너지 주식은 2년 만에 가장 큰 주간 상승 기록, 엑슨 모빌 최고가 경신

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기술적 분석 패턴은 투자자와 트레이더의 심리 때문에 차트에 형성된다. 이 때문에 서로 다른 증권의 차트에서도 동일한 패턴이 나타납니다. 증권은 다를 수 있지만, 거래하는 사람들의 심리는 동일하다.

오늘의 주식: EOG 리소스가 중요한 지지선까지 하락 - 구매자들이 개입할까?

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미국은 앞으로 며칠 동안 중서부 지역에서 오하이오 계곡, 오대호, 북동부 및 중부 대서양 지역에 영향을 미치는 극심한 폭염에 직면해 있다. 미국 국립해양대기청(NOAA)의 최신 업데이트에 따르면 높은 기온과 따뜻한 밤새 최저 기온은 일일 기록은 물론 일부 월간 기록을 넘어설 전망이다.

극심한 폭염에 미국 천연가스 가격 상승 전망: 올 여름 주목해야 할 에너지 주식 10종목

EOG Resources Inc

EMERALD OIL & GAS NL ORD by Emerald Oil & Gas NL

Emerald Resources NL

Mizuho analyst Nitin Kumar maintains EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) with a Outperform and lowers the price target from $156 to $148.

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Mizuho Maintains Outperform on EOG Resources, Lowers Price Target to $148

EOG Resources's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) short percent of float has risen 10.9% since its last report. The company recently reported that it has 13.28 million shares sold short, which is 2.34% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.49 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>EOG Resources Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732814111_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for EOG Resources has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing EOG Resources's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, EOG Resources's peer group average for short interest as a percentage of float is 6.96%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(EOG) - Analyzing EOG Resources's Short Interest

Citigroup analyst Scott Gruber maintains EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) with a Neutral and raises the price target from $127 to $134.

Citigroup Maintains Neutral on EOG Resources, Raises Price Target to $134

Raymond James analyst John Freeman maintains EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) with a Strong Buy and raises the price target from $156 to $167.

Raymond James Maintains Strong Buy on EOG Resources, Raises Price Target to $167

Wells Fargo analyst Roger Read maintains EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) with a Equal-Weight and raises the price target from $135 to $147.

Wells Fargo Maintains Equal-Weight on EOG Resources, Raises Price Target to $147

Piper Sandler analyst Mark Lear downgrades EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) from Overweight to Neutral and raises the price target from $147 to $149.

Downgrades

Piper Sandler Downgrades EOG Resources to Neutral, Raises Price Target to $149

Providing a diverse range of perspectives from bullish to bearish, 14 analysts have published ratings on EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) in the last three months.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $142.5, a high estimate of $167.00, and a low estimate of $115.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 2.87%. 
<img src="https://www.benzinga.com/files/images/story/2024/1731438094_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive EOG Resources. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$135.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$145.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$140.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$137.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$135.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Stephen Richardson</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$145.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$115.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$154.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$132.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$135.00</td>
<td>$143.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$158.00</td>
<td>$159.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$167.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$147.00</td>
<td>$154.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to EOG Resources. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of EOG Resources compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of EOG Resources's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of EOG Resources's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EOG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on EOG Resources analyst ratings.</a>
<h2>Get to Know EOG Resources Better</h2>
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.
<h3>Breaking Down EOG Resources's Financial Performance</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Challenges: EOG Resources's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -4.06%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: EOG Resources's net margin is impressive, surpassing industry averages. With a net margin of 28.53%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): EOG Resources's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.7% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): EOG Resources's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.66%, the company showcases efficient use of assets and strong financial health.
Debt Management: EOG Resources's debt-to-equity ratio is below the industry average. With a ratio of 0.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 14 Analyst Recommendations For EOG Resources

EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) has been analyzed by 14 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $142.5, a high estimate of $167.00, and a low estimate of $115.00. A 2.87% drop is evident in the current average compared to the previous average price target of $146.71. 
<img src="https://www.benzinga.com/files/images/story/2024/1731434636_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of EOG Resources by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$135.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$145.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$140.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$137.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$135.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Stephen Richardson</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$145.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$115.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$154.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$132.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$135.00</td>
<td>$143.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$158.00</td>
<td>$159.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$167.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$147.00</td>
<td>$154.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to EOG Resources. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of EOG Resources compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of EOG Resources's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into EOG Resources's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EOG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on EOG Resources analyst ratings.</a>
<h2>Discovering EOG Resources: A Closer Look</h2>
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.
<h3>Unraveling the Financial Story of EOG Resources</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, EOG Resources faced challenges, resulting in a decline of approximately -4.06% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: EOG Resources's net margin excels beyond industry benchmarks, reaching 28.53%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): EOG Resources's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.7%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): EOG Resources's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.66% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: EOG Resources's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.14.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 14 Analyst Recommendations For EOG Resources

Truist Securities analyst Neal Dingmann maintains EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) with a Hold and raises the price target from $115 to $135.

Truist Securities Maintains Hold on EOG Resources, Raises Price Target to $135

Benchmark analyst Subash Chandra reiterates EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on EOG Resources

The S&amp;P 500 index surged past the 6,000-point milestone, setting fresh record highs, and small-cap stocks are poised for their best weekly performance since April 2024 as investor optimism surrounding the &#8220;Trump trade&#8221; continued to fuel a strong risk-on sentiment by the end of a <a href="https://www.benzinga.com/markets">wild week in the market</a>. 
All major U.S. indices posted modest gains in midday trading, with the Dow Jones Industrial Average leading slightly, soaring beyond the 44,000-point mark. The blue-chip index is set for its best weekly performance in over a year.
Friday's rise in the S&amp;P 500 was powered by the utilities and real estate sectors, which had lagged post-election. Tech stocks took a breather following Thursday's rally.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 7%, pushing its weekly gains beyond 27% and propelling its market cap past $1 trillion. 
This move now places every "Magnificent Seven" tech stock in the trillion-dollar club, with the group's combined market cap topping $17 trillion.
Treasury yields held steady, while the dollar strengthened in response to the Federal Reserve's Thursday 25-basis-point rate <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41823887/powell-dismisses-talk-of-resignation-after-trump-victory-says-policy-is-still-res">cut to 4.5%-4.75%</a>.
Gold softened, eyeing its worst week since late May, as both silver and oil dropped over 2% on the day. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged up 0.8%, extending its weekly gains to over 11%, marking its best week since July.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,993.21</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,998.81</td>
<td>0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,389.50</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,124.53</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:05 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.4% to $598.17.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.6% to $439.89.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.1% higher to $514.10.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.3% to $237.08.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, rising 1.8%. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports were: 
<ul>
<li>NRG Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>), up 0.5%, </li>
<li>Ubiquiti Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UI#NYSE">UI</a>), up 21%</li>
<li>Arista Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NASDAQ">ANET</a>), down 7%, </li>
<li>Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), down 7.5%, </li>
<li>Motorola Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>), up 6.7%, </li>
<li>EOG Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>), up 5.9%, </li>
<li>Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), up over 9%, </li>
<li>The Trade Desk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), down over 4%, </li>
<li>Monster Beverage Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>), up by 0.5%, </li>
<li>Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>), up 25%, </li>
<li>Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), down 4.4%, </li>
<li>Cloudfare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), down 6.2%, </li>
<li>Corpay Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAY#NYSE">CPAY</a>), up 6%, </li>
<li>Expedia Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NYSE">EXPE</a>), up over 6%, </li>
<li>Toast Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>), up 13%, </li>
<li>Pinterest Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), down 17%, </li>
<li>DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), up 1.7%, </li>
<li>Insulet Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), up 12%, </li>
<li>News Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), up 3.6%, </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41848568/us-consumer-sentiment-rises-more-than-predicted-to-6-month-highs-inflation-expectations-hit-4-year-low">US Consumer Sentiment Rises More Than Predicted To 6-Month Highs, Inflation Expectations Hit 4-Year Low</a></li>
</ul>
Illustration created using artificial intelligence via Midjourney.

Markets

Movers

$BTC

ABNB

ANET

AXON

CPAY

SPDR Dow Jones Industrial Average ETF Trust

DKNG

EXPE

FTNT

MNST

PINS

PODD

TOST

TSLA

S&P 500 Breaks 6,000 Points, Dow Soars Above 44,000, Small Caps Eye Strongest Week In 4 Years, Tesla Hits $1 Trillion: What's Driving Markets Friday?

WIIM

EOG Resources shares are trading higher after the company reported better-than-expected Q3 EPS and sales, approved a $5 billion increase in its share repurchase authorization and raised its quarterly dividend.

Buybacks

EOG Resources Approves $5B Increase In Share Repurchase Authorization

Dividends

EOG Resources Raises Quarterly Dividend From $0.91 To $0.975

Guidance

EOG Resources Sees FY24 Capital Expenditure $6.10B-6.30B

EOG Resources Sees Q4 Capital Expenditure $1.23B-$1.43B

EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) reported quarterly earnings of $2.89 per share which beat the analyst consensus estimate of $2.77 by 4.33 percent. The company reported quarterly sales of $5.865 billion which beat the analyst consensus estimate of $5.531 billion by 6.04 percent. This is a 5.59 percent decrease over sales of $6.212 billion the same period last year.

Earnings

Earnings Beats

EOG Resources Q3 2024 Adj. EPS $2.89 Beats $2.77 Estimate, Sales $5.865B Beat $5.531B Estimate

CSAN

KLXE

NCSM

NINE

PUMP

RCON

Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

DWSN

EQNR

SHEL

Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

EOG Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) has outperformed the market over the past 20 years by 2.21% on an annualized basis producing an average annual return of 10.71%. Currently, EOG Resources has a market capitalization of $70.09 billion. 
Buying $1000 In EOG: If an investor had bought $1000 of EOG stock 20 years ago, it would be worth $7,509.90 today based on a price of $123.28 for EOG at the time of writing.
<h3>EOG Resources's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729877442_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning EOG Resources Stock In The Last 20 Years

JPMorgan raised the firm's price target on EOG Resources (EOG) to $141 from $132 and keeps a Neutral rating on the shares. In 2025, the firm expect...

EOG Resources price target raised to $141 from $132 at JPMorgan

With the highly optimistic outlook for global oil demand and current market shifts, the energy industry is booming. Amid this backdrop, investors could buy solid energy stocks like Exxon Mobil (XOM), Chevron (CVX), and EOG Resources (EOG) for significant gains. Keep reading... The energy sector's growth remains robust, with oil prices touching record highs. Currently, India has emerged as the leading source of <a href="https://www.eia.gov/outlooks/steo/">growth in global oil consumption</a> and is expected to account for 25% of total oil consumption growth globally in 2024 and 2025.
Given the industry tailwinds, now might be an opportune time to consider investing in top-tier energy stocks like Exxon Mobil Corporation (<a href="https://stocknews.com/stock/XOM/">XOM</a>), Chevron Corporation (<a href="https://stocknews.com/stock/CVX/">CVX</a>), and EOG Resources, Inc. (<a href="https://stocknews.com/stock/EOG/">EOG</a>) for massive gains.
Amid the weak global oil demand, particularly from China, and the accelerating production outside the group, <a href="https://www.reuters.com/business/energy/opec-will-delay-oil-output-hike-meeting-source-says-2024-12-05/">OPEC+ has pushed</a> the start of oil output rises to April. It has also extended its full unwinding of cuts by a year until the end of 2026. However, the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) remain confident in future growth.
According to <a href="https://publications.opec.org/woo">OPEC's World Oil Outlook 2024</a>, global energy demand is expected to expand by 24% between 2024 and 2050 period, driven by significant expansion in the non-OECD region. Oil's demand is set to reach over 120 million barrels a day by 2050, with anticipation of reaching even higher levels.
On a similar note, <a href="https://www.iea.org/reports/oil-market-report-november-2024">IEA projected world oil demand</a> to grow by 920 kb/d this year and by 1 mb/d in 2025, reaching 102.8 mb/d and 103.8 mb/d, respectively. Further, global oil supply showed an increase of 290 kb/d in October to 102.9 mb/d, fueled by the increased supply from Libyan barrels. Also, IEA expects <a href="https://www.iea.org/news/natural-gas-demand-growth-picks-up-in-2024-amid-uncertainties-over-supply">global gas demand</a> to rise over 2.5% in 2024 and follow similar trends in 2025.
In the last session, <a href="https://www.reuters.com/markets/commodities/oil-prices-rise-with-all-eyes-opec-supply-decision-2024-12-05/">Brent crude settled</a> at $72.09 per barrel, while U.S. West Texas Intermediate (WTI) reached $68.30 per barrel.
Considering the industry's conducive trends, let's delve into the fundamentals of the top <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> stocks, beginning with number 3.
Stock #3: Exxon Mobil Corporation (<a href="https://stocknews.com/stock/XOM/">XOM</a>)
XOM engages internationally in the exploration and production of crude oil and natural gas. The company operates in segments like Upstream; Energy Products; Chemical Products; and Specialty Products.
On November 20, XOM and LG Chem signed a non-binding MOU for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. The lithium will be supplied from XOM's planned project in the U.S. to LG Chem's cathode plant in Tennessee, which LG Chem expects to be the largest of its kind in the U.S.
The transaction is aimed at strengthening the U.S. critical mineral supply chain and contributing to domestic energy security, manufacturing, jobs, and emission reductions.
XOM's <a href="https://www.investopedia.com/terms/r/revenue.asp">total revenues</a> and other income were $90.02 billion during the third quarter that ended September 30, 2024. Net income attributable to ExxonMobil totaled $8.61 billion, and its EPS was $1.92 for the period, respectively.
Furthermore, the company's total assets stood at $461.92 billion as of September 30, 2024, versus $376.32 billion as of December 31, 2023.
Analysts expect XOM's revenue for the fourth quarter (ending December 2024) to grow 5.2% year-over-year to $88.76 billion. The consensus revenue estimate for the fiscal year 2024 of $354.93 billion indicates 3% year-over-year growth. Moreover, it topped the consensus revenue and EPS estimates in three of the trailing four quarters.
Over the past six months, XOM's stock has gained 1.5% and 14.3% over the past year to close the last trading session at $114.78.
XOM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its bright prospects. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade for Quality, Momentum, and Stability. It is ranked #41 among the 77 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
In addition to the POWR Ratings we've stated above, we also have given other XOM ratings for Sentiment, Growth, and Value. Get all XOM ratings <a href="https://stocknews.com/stock/XOM/">here</a>.
Stock #2: Chevron Corporation (<a href="https://stocknews.com/stock/CVX/">CVX</a>)
CVX is engaged in integrated energy and chemicals operations internationally. The company operates in two segments: Upstream and Downstream. It explores, develops, produces, and transports crude oil and natural gas. It is also in the processing, liquefaction, transportation, and regasification of liquefied natural gas.
On November 1, CVE's Board of Directors declared a quarterly dividend of $1.63 per share, payable on December 10, 2024, to all holders of common stock at the close of business on November 18, 2024.
CVX's annual dividend of $6.52 translates to a yield of 4.12% at the current share price. Its four-year average dividend yield is 4.12%. Moreover, the company's dividend payouts have increased at a CAGR of 7.1% over the past three years and 6.5% over the past five years. CVX has raised its dividends for 37 consecutive years.
On October 1, CVX entered into a strategic collaboration with Honeywell International Inc. (<a href="https://stocknews.com/stock/HON/">HON</a>) to develop advanced artificial intelligence (AI)--assisted solutions that will assist operators in making decisions to enhance efficiency for refining processes and improve safety within the industrial automation space.
CVX reported total revenues and other income of $50.67 billion for the third quarter that ended September 30, 2024. Net earnings attributable to CVX stood at $4.49 billion or $2.48 per common share, reflecting increases of 1.2% and 2.1% from the prior year's period, respectively. Also, its free cash flow increased 12% year-over-year to $5.60 billion.
Additionally, CVX's cash and cash equivalents and total assets totaled $4.70 billion and $259.23 billion as of September 30, 2024.
Street expects CVX's revenue for the fourth quarter (ending December 2024) to increase 3% year-over-year to $48.61 billion. The company's EPS for the same quarter is expected to be $2.41. Moreover, CVX surpassed the consensus EPS estimates in three of the trailing four quarters.
CVX's stock has surged 3.3% over the past month and 11.5% over the past year to close the last trading session at $159.33.
CVX's bright outlook is reflected in its POWR Ratings. CVX has a B grade for Quality, Stability, and Momentum. CVX is ranked #33 in the list of 77 stocks in the same industry.
<a href="https://stocknews.com/stock/CVX/">Click here</a> to access additional CVX ratings for Sentiment, Growth, and Value.
Stock #1: EOG Resources, Inc. (<a href="https://stocknews.com/stock/EOG/">EOG</a>)
EOG explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas, primarily in producing basins internationally.
On November 8, EOG's Board of Directors declared a dividend of $0.975 per share on its common stock. The dividend will be paid on January 31, 2025, to stockholders of record as of January 17, 2025. The new dividend reflects an indicated annual rate of $3.90 per share, a 7% increase from the previous level.
EOG's dividend yield is 3% at the current share price. Its four-year average dividend yield is 4.79%. Also, the company's dividend payouts have grown at 31.2% CAGR over the past three years. EOG has raised its dividends for seven consecutive years.
During the third quarter, which ended September 30, 2024, EOG posted total operating revenues and other of $5.96 billion, and its operating income was $2.09 billion for the same quarter. The company's free cash flow grew 8.5% from the year-ago value to $1.49 billion.
Furthermore, the company's adjusted net income came in at $1.64 billion and $2.89 per share for the quarter, respectively.
Street expects EOG's revenue for the second quarter (ending June 2025) to increase marginally year-over-year to $6.03 billion. Its revenue for the fiscal year 2025 is expected to increase 2% year-over-year to $24.46 billion. Furthermore, the company has topped the consensus revenue estimates in all four trailing quarters.
Over the past six months, EOG's stock has gained 8.1% and 6.6% over the past year to close the last trading session at $130.02.
EOG's sound fundamentals are reflected in its POWR Ratings. The stock has an A grade for Quality and a B grade for Stability. Within the Energy – Oil &amp; Gas industry, EOG is ranked #22 of 77 stocks.
<a href="https://stocknews.com/stock/EOG/">Click here</a> to access other ratings of EOG for Sentiment, Growth, Momentum, and Value.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
XOM shares were trading at $114.06 per share on Friday afternoon, down $0.72 (-0.63%). Year-to-date, XOM has gained 17.97%, versus a 29.02% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/xom-cvx-eog-hon-3-top-tier-energy-stocks-primed-for-massive-gains/>3 Top-Tier Energy Stocks Primed for Massive Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top-Tier Energy Stocks Primed for Massive Gains

Bearish flow noted in EOG Resources (EOG) with 3,675 puts trading, or 1.6x expected. Most active are 12/6 weekly 128 puts and 12/13 weekly 123 puts...

EOG Resources put volume heavy and directionally bearish

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PEO: Exposure To The Oil Majors With 9% Yield And 12% Discount

'Oil' Be Back - If You Like (Special) Dividends, You'll Love EOG Resources

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Mizuho analyst Nitin Kumar lowered the firm's price target on EOG Resources (EOG) to $148 from $156 and keeps an Outperform rating on the shares. T...

EOG Resources price target lowered to $148 from $156 at Mizuho

Bullish option flow detected in EOG Resources (EOG) with 2,774 calls trading, 1.6x expected, and implied vol increasing over 2 points to 23.90%. Ja...

EOG Resources call volume above normal and directionally bullish

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EOG Resources to Present at Upcoming Conference

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LiTHOS Announces Execution of Letter of Intent for Technology to Launch TiERRA™ Re-Injection Service

EOG Resources Schedules Conference Call and Webcast of Second Quarter 2024 Results for August 2, 2024

EOG Resources Reports Second Quarter 2024 Results

EOG Resources Schedules Conference Call and Webcast of Third Quarter 2024 Results for November 8, 2024

EOG Resources Reports Third Quarter 2024 Results and Raises Regular Dividend 7%

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