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

Voya Investment Management LLC lifted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 164.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 935,536 shares of the energy exploration company's stock after acquiring an additional 581,369 shares during the period. Voya Investment Management LLC owned 0.17% of EOG Resources worth $114,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in shares of EOG Resources in the 3rd quarter worth about $730,000. Mountain Lake Investment Management LLC bought a new position in EOG Resources in the 4th quarter worth about $735,000. Oak Ridge Investments LLC increased its stake in EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock valued at $5,059,000 after purchasing an additional 2,311 shares in the last quarter. Tobam bought a new position in shares of EOG Resources in the fourth quarter worth approximately $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased 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 valued at $550,000 after acquiring an additional 2,773 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EOG shares. JPMorgan Chase & Co. reduced their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Wolfe Research upgraded shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. UBS Group reduced their price target on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. KeyCorp decreased their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Wells Fargo & Company cut their target price on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of "Hold" and a consensus target price of $141.25.

EOG Resources Price Performance

Shares of NYSE EOG traded up $1.02 during mid-day trading on Monday, hitting $114.09. 1,908,401 shares of the company's stock traded hands, compared to its average volume of 3,233,156. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company's 50-day moving average is $120.51 and its two-hundred day moving average is $125.69. The company has a market capitalization of $62.93 billion, a P/E ratio of 9.19, a PEG ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (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 during the quarter, compared to analyst estimates of $5.96 billion. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.42%. EOG Resources's dividend payout ratio (DPR) is presently 34.73%.

About EOG Resources

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.