Voloridge Investment Management LLC Has $26.15 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Voloridge Investment Management LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 213,288 shares of the energy exploration company's stock after acquiring an additional 4,192 shares during the period. Voloridge Investment Management LLC's holdings in EOG Resources were worth $26,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Capital World Investors boosted its holdings in shares of EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Geode Capital Management LLC boosted its stake in EOG Resources by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock valued at $1,541,282,000 after buying an additional 234,067 shares in the last quarter. Northern Trust Corp grew its position in EOG Resources by 2.9% in the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock valued at $701,036,000 after acquiring an additional 159,216 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in EOG Resources by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock worth $696,990,000 after acquiring an additional 365,115 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EOG. KeyCorp dropped their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Bank of America decreased their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday. Barclays lowered their price target on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Finally, Wall Street Zen downgraded EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $139.79.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

EOG Resources Trading Up 0.5%

Shares of EOG stock traded up $0.60 on Tuesday, hitting $110.78. The company had a trading volume of 634,951 shares, compared to its average volume of 3,280,618. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $60.46 billion, a P/E ratio of 8.93, a P/E/G ratio of 3.58 and a beta of 0.78. The stock's 50-day moving average is $114.41 and its two-hundred day moving average is $123.73.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.52%. EOG Resources's payout ratio is 36.18%.

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.