20 Most Profitable Stocks of the Last 20 Years

Page 12 of 18

7. EOG Resources, Inc. (NYSE:EOG)

Net Income (TTM): $5.53 billion

Operating Margin: 33.38%

Market Capitalization: $58.78 billion

The seventh stock on our list of most profitable stocks is EOG Resources, Inc. (NYSE:EOG).

TheFly reported on January 23 that Morgan Stanley cut its price target for EOG to $128 from $138 and maintained an Equal Weight rating. The firm expects solid Q4 operations but slightly lower cash flow from price realizations.

Separately, on January 21, Barclays also lowered its price target for EOG Resources, Inc. (NYSE:EOG) to $133 from $136 and maintained an Equal Weight rating. This modification was a component of a larger Q4 analysis of the exploration and production industry. Barclays observed that the upstream cash return model is still robust in the face of macro volatility and that there are appealing onshore prospects in the United States, although prudence is advised in light of the near-term uncertainty surrounding commodities.

EOG Resources, Inc. (NYSE:EOG) is a leading independent oil and natural gas company focused on exploration, development, and production in the United States and internationally.

Page 12 of 18