Voya Investment Management LLC Has $89.37 Million Stock Holdings in EOG Resources, Inc. $EOG

Voya Investment Management LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.5% during the third quarter, HoldingsChannel reports. The firm owned 799,374 shares of the energy exploration company’s stock after selling 20,466 shares during the quarter. Voya Investment Management LLC’s holdings in EOG Resources were worth $89,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its stake in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Saudi Central Bank acquired a new position in shares of EOG Resources during the 1st quarter worth about $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources during the second quarter valued at approximately $29,000. ORG Partners LLC grew its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources during the second quarter worth $35,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.7%

EOG stock opened at $101.94 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $138.18. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $55.31 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 7.77 and a beta of 0.49. The firm has a 50-day moving average price of $107.32 and a 200-day moving average price of $114.75.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.89 earnings per share. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 4.0%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EOG shares. Jefferies Financial Group set a $145.00 price target on EOG Resources in a report on Sunday, October 12th. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Wells Fargo & Company dropped their target price on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Johnson Rice decreased their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Finally, Morgan Stanley boosted their price target on EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $138.93.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.