Check Out What Whales Are Doing With EOG

Investors with a lot of money to spend have taken a bullish stance on EOG Resources EOG.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with EOG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for EOG Resources.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 30%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $251,279, and 3 are calls, for a total amount of $124,514.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $140.0 for EOG Resources during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for EOG Resources's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of EOG Resources's whale activity within a strike price range from $120.0 to $140.0 in the last 30 days.

EOG Resources Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About 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 2024, it reported net proven reserves of 4.7 billion barrels of oil equivalent. Net production averaged roughly 1,062 thousand barrels of oil equivalent per day in 2024 at a ratio of 69% oil and natural gas liquids and 31% natural gas.

In light of the recent options history for EOG Resources, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of EOG Resources

• With a trading volume of 1,028,520, the price of EOG is down by -2.0%, reaching $126.6.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 35 days from now.

What The Experts Say On EOG Resources

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $136.6.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Barclays persists with their Equal-Weight rating on EOG Resources, maintaining a target price of $144. * Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on EOG Resources with a target price of $132. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on EOG Resources with a target price of $146. * An analyst from Morgan Stanley persists with their Equal-Weight rating on EOG Resources, maintaining a target price of $136. * An analyst from Citigroup has decided to maintain their Neutral rating on EOG Resources, which currently sits at a price target of $125.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest EOG Resources options trades with real-time alerts from Benzinga Pro.