Analysts Are Downgrading These 5 Oil and Gas Stocks

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

Number of Hedge Fund Holders: 51

EOG Resources, Inc. (NYSE:EOG) is a US-based energy company. The stock is up 70% over the past six months.  The stock was downgraded recently by BofA and Benchmark.

As of the end of the fourth quarter of 2021, 51 hedge funds tracked by Insider Monkey had stakes in EOG Resources, Inc. (NYSE:EOG) as of the end of the fourth quarter, compared to 47 funds a quarter earlier. Natixis Global Asset Management’s Harris Associates has an $873 million stake in EOG Resources, Inc. (NYSE:EOG).

Artisan Partners, a high value-added investment management firm, published its “Artisan Value Fund” fourth quarter 2021 investor letter and mentioned EOG Resources, Inc. (NYSE:EOG). Here‘s what the fund said:

“EOG Resources, a US shale-focused E&P firm, has been a beneficiary of higher energy prices. The business enjoys a low-cost production position and a strong balance sheet which enabled the company to increase production capabilities during the downturn. As energy prices recover and the industry adjusts to the new supply and demand dynamics, investors have begun to appreciate the earnings power of the business. EOG’s management focuses on return on invested capital and cash flow generation, which distinguishes it from most of the company’s competitors. We believe EOG’s high-quality management team and access to low-cost reserves are sustainable competitive advantages in a commodity industry.”