EOG Resources, Inc. (NYSE:EOG) Shares Sold by Hendley & Co. Inc.

Hendley & Co. Inc. cut its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,996 shares of the energy exploration company's stock after selling 22,890 shares during the period. EOG Resources makes up 2.4% of Hendley & Co. Inc.'s investment portfolio, making the stock its 14th biggest holding. Hendley & Co. Inc.'s holdings in EOG Resources were worth $6,924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC increased its position in EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after purchasing an additional 2,792,092 shares during the period. Capital World Investors grew 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 worth $5,628,497,000 after acquiring an additional 2,270,013 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of EOG Resources in the 4th quarter worth approximately $171,193,000. GAMMA Investing LLC grew its holdings 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 worth $164,323,000 after acquiring an additional 1,272,765 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of EOG Resources by 58.6% in the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock worth $255,139,000 after acquiring an additional 769,362 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 1.7%

NYSE:EOG traded down $2.05 during mid-day trading on Wednesday, reaching $121.90. The stock had a trading volume of 2,245,156 shares, compared to its average volume of 3,405,658. The company has a market capitalization of $66.53 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 9.65 and a beta of 0.76. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock's 50 day simple moving average is $116.11 and its two-hundred day simple moving average is $121.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the firm earned $2.82 earnings per share. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.35%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were 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 of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EOG shares. Stephens started coverage on EOG Resources in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target on the stock. Mizuho lowered their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Jefferies Financial Group reiterated a "buy" rating and set a $148.00 target price (up previously from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Roth Capital cut EOG Resources from a "buy" rating to a "neutral" rating and lowered their target price for the company from $140.00 to $134.00 in a report on Wednesday. Finally, Raymond James Financial increased their target price on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a report on Monday, June 2nd. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $139.00.

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.