Voya Investment Management LLC Sells 75,345 Shares of EOG Resources, Inc. $EOG

Voya Investment Management LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 8.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 860,191 shares of the energy exploration company’s stock after selling 75,345 shares during the period. Voya Investment Management LLC owned approximately 0.16% of EOG Resources worth $110,157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EOG. Nuveen LLC acquired a new stake in shares of EOG Resources in the 1st quarter valued at about $451,908,000. GAMMA Investing LLC grew its stake in shares of EOG Resources by 14,784.1% in the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock valued at $164,323,000 after buying an additional 1,272,765 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after buying an additional 1,188,552 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of EOG Resources in the 1st quarter valued at about $81,752,000. Finally, LSV Asset Management grew its stake in shares of EOG Resources by 290.5% in the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock valued at $88,158,000 after buying an additional 511,418 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EOG has been the subject of several research reports. Susquehanna raised their target price on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Melius Research initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. KeyCorp reduced their target price on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Stephens assumed coverage on EOG Resources in a research note on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price target for the company. Finally, Melius assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.52.

EOG Resources Price Performance

EOG stock opened at $118.20 on Friday. The company has a market capitalization of $64.54 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 9.19 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The business has a 50-day simple moving average of $119.80 and a two-hundred day simple moving average of $118.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the previous year, the business earned $3.16 EPS. The company’s quarterly revenue was down 9.1% on a year-over-year basis. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

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.