5 Stocks Making Headlines Today

2. EOG Resources, Inc. (NYSE:EOG) has gained 1.43% as of 12:24 PM ET after the Houston, Texas-based crude oil and natural gas exploration and production (E&P) company was upgraded from an Outperform to a Strong Buy rating by John Freeman at Raymond James. The analyst gave EOG Resources, Inc. (NYSE:EOG) stock a price target of $170, 28.4% higher than the 52-week high for the stock. Freeman stated that EOG Resources, Inc. (NYSE:EOG) reported strong quarterly results last week as it was able to outperform key metrics. Furthermore, the management announced that it intends to return 60% of FCF to its shareholders through dividends or share buyback.

As of Q4 2021, EOG Resources, Inc. (NYSE:EOG) was held by 51 hedge funds.