EOG Resources, Inc.·Energy

Douglas Lane and Associates LLC decreased its stake in shares of EOG Resources, Inc. (NYSE: EOG) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 473,051 shares of the energy exploration company's stock after selling 9,430 shares during the period. Douglas

EOG's crude-heavy portfolio and vast resource base position it to benefit from sustained high prices and strong cash flow potential.

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Oil above $110 has lifted EOG 36% YTD, but 100% free-cash returns and slim reserves raise risks despite cheap valuation.

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EOG benefits from high oil prices, leveraging low production cost assets to boost cash flow, fund ongoing upstream projects and strengthen its balance sheet.
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
Energy
Oil & Gas Exploration & Production
3,150
1989-10-04
0.33