Analysts Upgrade EOG Resources Amid Significant Institutional Activity
On January 3, 2025, Wolfe Research raised its rating for EOG Resources (BRSE:EO5) from Peer Perform to Outperform.
Current Fund Sentiment for EOG Resources
A total of 2,571 funds and institutions currently hold positions in EOG Resources, reflecting a slight decrease of 7 owners, or 0.27%, over the previous quarter. The average portfolio weight for all funds dedicated to EO5 has increased to 0.32%, which is a significant jump of 24.66%. Institutional ownership has also risen by 4.42% in the past three months, totaling 674,398K shares.
Capital World Investors has made a notable investment, holding 43,649K shares now, which represents 7.76% ownership of EOG. This reflects a significant increase from the 32,786K shares previously reported, amounting to an impressive growth of 24.89% in their holdings.
Another major stakeholder, Capital Research Global Investors, now holds 32,495K shares, accounting for 5.78% of EOG. They reported an increase of 5.61%, up from 30,672K shares. However, their overall portfolio allocation in EO5 decreased slightly by 1.99%.
JPMorgan Chase has also adjusted its stake, with holdings of 26,278K shares, making up 4.67% ownership. This represents a reduction of 8.40% from the former 28,486K shares, although they increased their portfolio allocation in EO5 dramatically by 838.99% over the last quarter.
The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) hold 18,017K shares for 3.20% ownership, which is a slight drop of 0.73% from their previous holding of 18,150K shares. Their portfolio allocation in EO5 fell by 8.94% during this period.
Finally, Charles Schwab Investment Management holds 17,411K shares, reflecting 3.10% ownership of EOG. They increased their previous holding of 17,336K shares by 0.43%, yet their overall allocation in EO5 saw a considerable reduction of 22.60% in the last quarter.
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