Hendley & Co. Inc. Sells 22,890 Shares of EOG Resources, Inc. (NYSE:EOG)

Hendley & Co. Inc. reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,996 shares of the energy exploration company's stock after selling 22,890 shares during the quarter. EOG Resources comprises approximately 2.4% of Hendley & Co. Inc.'s investment portfolio, making the stock its 14th largest position. Hendley & Co. Inc.'s holdings in EOG Resources were worth $6,924,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 1ST Source Bank boosted its holdings in shares of EOG Resources by 1.5% in the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after buying an additional 80 shares during the period. Penobscot Investment Management Company Inc. grew its holdings in shares of EOG Resources by 2.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after purchasing an additional 80 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of EOG Resources by 1.4% during the 4th quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock worth $709,000 after purchasing an additional 81 shares during the period. NBT Bank N A NY lifted its holdings in shares of EOG Resources by 3.9% in the 4th quarter. NBT Bank N A NY now owns 2,411 shares of the energy exploration company's stock worth $296,000 after purchasing an additional 90 shares during the last quarter. Finally, Hancock Whitney Corp boosted its position in EOG Resources by 5.7% during the 4th quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after purchasing an additional 92 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

EOG has been the topic of several analyst reports. Bank of America dropped their target price on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Morgan Stanley set a $135.00 target price on shares of EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Piper Sandler decreased their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, Susquehanna dropped their price target on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.48.

EOG Resources Trading Down 2.7%

NYSE EOG traded down $3.27 on Monday, hitting $119.88. 956,902 shares of the company were exchanged, compared to its average volume of 3,395,184. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company's 50 day moving average price is $115.78 and its 200-day moving average price is $121.28. The firm has a market capitalization of $65.43 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 9.94 and a beta of 0.76. 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 issued 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 return on equity of 22.35% and a net margin of 26.14%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the company earned $2.82 EPS. The firm's quarterly revenue was down 7.4% on a year-over-year basis. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is currently 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.