Hendley & Co. Inc. Has $5.32 Million Stock Position in EOG Resources, Inc. $EOG

Hendley & Co. Inc. lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 50,691 shares of the energy exploration company’s stock after selling 4,321 shares during the period. EOG Resources comprises about 1.9% of Hendley & Co. Inc.’s holdings, making the stock its 20th biggest position. Hendley & Co. Inc.’s holdings in EOG Resources were worth $5,323,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Capital World Investors raised its holdings in shares of EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after buying an additional 446,341 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after buying an additional 122,486 shares in the last quarter. Northern Trust Corp raised its holdings in shares of EOG Resources by 0.8% during the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock worth $669,911,000 after buying an additional 49,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of EOG Resources by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after buying an additional 344,291 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In other news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 18,230 shares of company stock valued at $2,522,568. Insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 3.2%

Shares of EOG stock opened at $140.29 on Friday. The stock has a market cap of $74.72 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.74 and a beta of 0.27. The stock has a 50-day moving average of $136.79 and a 200-day moving average of $119.41. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.87 earnings per share. On average, equities research analysts forecast that EOG Resources, Inc. will post 14.83 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio is presently 40.16%.

Analyst Ratings Changes

EOG has been the topic of a number of research reports. Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on EOG Resources from $145.00 to $148.00 in a research report on Thursday, May 7th. Roth Mkm restated a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a research report on Wednesday, May 6th. Stephens reduced their price objective on EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group boosted their price objective on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $154.21.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.