EOG Resources Soars 5.18% on UBS Upgrade, Dividend Hopes
Before the BellFriday, Jun 13, 2025 4:42 am ET
1min readOn June 13, 2025, EOG Resources' stock price surged by 5.18% in pre-market trading, indicating a strong bullish sentiment among investors.
UBS Group recently upgraded its target price for
from $135.00 to $140.00, maintaining a "buy" rating. This positive outlook from a major financial institution likely contributed to the stock's recent gains.EOG Resources has also been recognized for its dividend policy, with reports highlighting its potential for significant dividend increases. This aspect of the company's financial strategy is likely appealing to income-focused investors, further driving demand for the stock.
Additionally, EOG Resources has been noted for its strong performance in the energy sector, which has been a key driver of its stock price. The company's strategic positioning in the upstream oil sector has likely attracted investors looking for exposure to the energy market.
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