EOG Resources, Inc. $EOG Shares Sold by Hendley & Co. Inc.

Hendley & Co. Inc. reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 12.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 44,513 shares of the energy exploration company’s stock after selling 6,178 shares during the period. EOG Resources makes up 2.4% of Hendley & Co. Inc.’s investment portfolio, making the stock its 18th largest holding. Hendley & Co. Inc.’s holdings in EOG Resources were worth $6,435,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Community Bank & Trust Waco Texas acquired a new position in EOG Resources in the 1st quarter valued at about $268,000. Anchyra Partners LLC lifted its position in EOG Resources by 3.8% during the 1st quarter. Anchyra Partners LLC now owns 5,327 shares of the energy exploration company’s stock worth $770,000 after acquiring an additional 197 shares during the period. Clear Trail Advisors LLC purchased a new position in shares of EOG Resources in the 1st quarter valued at approximately $262,000. Telos Capital Management Inc. grew its stake in shares of EOG Resources by 1.7% in the 1st quarter. Telos Capital Management Inc. now owns 139,152 shares of the energy exploration company’s stock valued at $20,117,000 after purchasing an additional 2,350 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co increased its holdings in shares of EOG Resources by 59.1% in the first quarter. PKO Investment Management Joint Stock Co now owns 20,200 shares of the energy exploration company’s stock valued at $2,920,000 after purchasing an additional 7,500 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

EOG Resources Stock Up 2.1%

EOG Resources stock opened at $132.67 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a market cap of $70.66 billion, a PE ratio of 13.06 and a beta of 0.25. The stock’s 50 day moving average price is $135.88 and its 200 day moving average price is $125.02.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the business posted $2.87 earnings per share. EOG Resources’s revenue was up 22.1% compared to the same quarter last year. On average, sell-side analysts predict that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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 dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio is 40.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EOG. Williams Trading set a $177.00 price target on EOG Resources in a research note on Monday, April 20th. Piper Sandler lifted their price objective on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. UBS Group boosted their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. BMO Capital Markets raised their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Finally, Sanford C. Bernstein lowered their target price on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.00.

About EOG Resources

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.