EOG Resources, Inc. $EOG Holdings Trimmed by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 799,374 shares of the energy exploration company’s stock after selling 20,466 shares during the quarter. Voya Investment Management LLC owned 0.15% of EOG Resources worth $89,369,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cox Capital Mgt LLC lifted its holdings in shares of EOG Resources by 1.4% during the third quarter. Cox Capital Mgt LLC now owns 20,927 shares of the energy exploration company’s stock valued at $2,346,000 after purchasing an additional 280 shares during the last quarter. Wedmont Private Capital raised its stake in EOG Resources by 34.0% during the 3rd quarter. Wedmont Private Capital now owns 10,433 shares of the energy exploration company’s stock valued at $1,152,000 after purchasing an additional 2,649 shares during the period. Czech National Bank boosted its position in shares of EOG Resources by 3.9% in the third quarter. Czech National Bank now owns 138,671 shares of the energy exploration company’s stock worth $15,548,000 after buying an additional 5,262 shares during the period. Balefire LLC grew its holdings in shares of EOG Resources by 2.8% during the third quarter. Balefire LLC now owns 4,889 shares of the energy exploration company’s stock valued at $548,000 after buying an additional 131 shares in the last quarter. Finally, Montecito Bank & Trust purchased a new position in EOG Resources during the 3rd quarter valued at about $1,019,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.7%

Shares of NYSE EOG opened at $101.94 on Friday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $138.18. The stock has a market cap of $55.31 billion, a PE ratio of 10.15, a PEG ratio of 7.77 and a beta of 0.49. The business has a fifty day moving average of $107.32 and a two-hundred day moving average of $114.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62.

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

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued 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 yield of 4.0%. EOG Resources’s dividend payout ratio is currently 40.64%.

Wall Street Analyst Weigh In

EOG has been the topic of several research reports. Royal Bank Of Canada upped their price objective on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Wells Fargo & Company reduced 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. Siebert Williams Shank lowered their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Citigroup reissued a “neutral” rating and set a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research report on Wednesday. Finally, KeyCorp reduced their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.