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

Hendley & Co. Inc. trimmed its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 29.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,996 shares of the energy exploration company's stock after selling 22,890 shares during the quarter. EOG Resources makes up approximately 2.4% of Hendley & Co. Inc.'s holdings, 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 institutional investors have also made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in EOG Resources during the first quarter worth about $115,000. Cloud Capital Management LLC bought a new position in shares of EOG Resources during the first quarter valued at approximately $88,000. Concurrent Investment Advisors LLC raised its position in shares of EOG Resources by 49.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,497 shares of the energy exploration company's stock worth $1,474,000 after purchasing an additional 3,794 shares during the period. HM Payson & Co. raised its position in shares of EOG Resources by 56.3% during the 1st quarter. HM Payson & Co. now owns 530 shares of the energy exploration company's stock worth $68,000 after purchasing an additional 191 shares during the period. Finally, World Investment Advisors lifted its holdings in shares of EOG Resources by 25.0% in the 1st quarter. World Investment Advisors now owns 8,044 shares of the energy exploration company's stock worth $1,031,000 after purchasing an additional 1,610 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's 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 transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

EOG Resources Price Performance

Shares of EOG stock traded up $4.31 during mid-day trading on Tuesday, hitting $123.92. 3,753,426 shares of the stock traded hands, compared to its average volume of 3,410,297. 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 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The company's 50-day simple moving average is $116.11 and its 200-day simple moving average is $121.31. The firm has a market cap of $67.63 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 9.65 and a beta of 0.76.

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

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is presently 36.18%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. UBS Group reaffirmed a "buy" rating and issued a $140.00 target price (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Stephens started coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price target for the company. Piper Sandler cut their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Mizuho decreased their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $139.24.

EOG Resources Company 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.