Voya Investment Management LLC Buys 581,369 Shares of EOG Resources, Inc. (NYSE:EOG)

Voya Investment Management LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 164.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 935,536 shares of the energy exploration company’s stock after purchasing an additional 581,369 shares during the period. Voya Investment Management LLC’s holdings in EOG Resources were worth $114,574,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. World Investment Advisors LLC bought a new stake in EOG Resources in the 3rd quarter valued at about $730,000. Mountain Lake Investment Management LLC acquired a new stake in EOG Resources in the fourth quarter valued at approximately $735,000. Oak Ridge Investments LLC grew its stake in EOG Resources by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after acquiring an additional 2,311 shares during the period. Tobam bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of EOG Resources by 161.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $550,000 after purchasing an additional 2,773 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

EOG Resources Stock Up 1.6 %

EOG opened at $113.40 on Friday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company’s 50-day moving average price is $120.87 and its two-hundred day moving average price is $125.89. The stock has a market cap of $62.55 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 3.58 and a beta of 0.93. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EOG shares. Truist Financial boosted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Raymond James reissued a “strong-buy” rating and set a $140.00 target price on shares of EOG Resources in a research report on Monday. JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Susquehanna decreased their price objective on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a report on Tuesday. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $141.25.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.