Value Still Waiting For A Catalyst: The Progressive Corporation (PGR), EOG Resources, Inc. (EOG)

Sauerland John P, VP and Chief Financial Officer, sold 12,000 shares of the The Progressive Corporation (NYSE:PGR) in an exchange that happened on March 15th. The stock was sold at an average price of $72.65 per share, amounting to a transaction worth $871,800. The sale was made public in a document filed with the SEC. Additionally, Claims President Sieger Michael D sold 7,500 shares of this stock in a transaction that took place on March 1st. The stock was sold at an average price of $73.22 per share, for a total exchange amounting to $549,150. After the transaction, the Claims President Sieger Michael D currently holds 74,636 shares of the company’s stock, which is worth approximately $5458131.

With this stock price’s latest movement, it is now -0.87% away from its 1-year high and 28.95% higher than its 1-year low price. In the past seven days, the stock price volatility for The Progressive Corporation was 1.60%, whereas its volatility in the past 30 days has been 1.33%. This public company’s stock also has a beta score of 0.76. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

The Progressive Corporation (NYSE:PGR) most recently published its quarterly earnings results. The firm posted $1.24 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $1.01 by $0.23. The publicly-traded organization reported revenue of $7,941.80 million for the quarter, compared to the average analyst forecast calling for $7,884.03 million, which was surpassing the analyst consensus estimate.

Shares of The Progressive Corporation (PGR) surged 1.56%, amounting to a gain of $1.12 per share, to finish the regular trading session at $73.13 on Thursday 03/21/2019. After beginning the session at $71.66, shares of The Progressive Corporation reached as high as $73.3 during the day, while hitting a 1-day low of $71.57. Trade volume reached 2,078,340 shares against this stock’s average daily volume of 3.45M shares, with a total float of 579.80M. As a consequence of the price increase, The Progressive Corporation now has a current market value of 42.63B.

EOG Resources, Inc. (NYSE:EOG) added 1.02% to its trading price by the close of the most recent session, jumping from its previous closing price of $95.89 to $96.87. This stock decreased in value by 8.01% during the last 7-day period, and experienced a gain of -1.93% over the past 30-day period. In the past three months, this stock’s price grew by 3.04% , and subtracted -18.90% to its price during the last six months of trading. EOG demonstrated a yearly price loss of -4.40% , while its year-to-date (YTD) price performance has been up 11.08% . This stock’s price changed by +18.08% compared to its 90-day low, and moved down -4.44% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the EOG stock as “Sell”. In the short-term, EOG Resources, Inc. (EOG) has a 20-day average volume of 5,792,625 shares and short-term indicators sets the EOG stock as “ 40% Buy ” on average basis. In the medium-term, EOG stock has a 50-Day average volume of 4,130,624 shares and medium-term indicators gave the average rating of “ 25% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 4,155,281 shares. On average, long-term indicators rated the stock as “67% Sell ”. The overall picture from all short, medium and long-term indicators sets the EOG stock as “Hold Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.” on average basis.

Recently, multiple brokerages have sent out reports on EOG. KeyBanc Capital Markets, for example, Upgrade its rating on shares of EOG Resources, Inc. from “Sector Weight ” to a “ Overweight”according to a research note from Monday March 11th, 2019. while giving the stock a “Sector Weight” rating, as stated in a research report from Thursday, January 31st, 2019. RBC Capital Mkts, on the other hand, Upgrade a from “Sector Perform ” to “ Outperform” rating on this stock in a research note dated Monday, January 7th, 2019.

In other news related to EOG Resources, Inc. stock, 89.36% shares of EOG held by institutions. The total number of institutions who held the EOG shares was 1,430, according to most recent SEC filling. During the past quarter, total 518,355,842 shares held by institutions with the net change of 8,957,892 shares. In the meantime, 136 new institutions bought the shares of EOG Resources, Inc. for the first time and 161 institutions sold all their holdings in the company’s common stock. 590 institutions increased their investment in the EOG stock and 661 institutions decreased their investment in the EOG Resources, Inc. (EOG)’s stock during the last quarter.