Hendley & Co. Inc. Has $9.43 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Hendley & Co. Inc. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,886 shares of the energy exploration company’s stock after selling 830 shares during the quarter. EOG Resources makes up approximately 3.3% of Hendley & Co. Inc.’s investment portfolio, making the stock its 6th largest holding. Hendley & Co. Inc.’s holdings in EOG Resources were worth $9,425,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EOG. Pine Valley Investments Ltd Liability Co acquired a new stake in EOG Resources during the 4th quarter worth approximately $217,000. BankPlus Trust Department bought a new position in EOG Resources during the 4th quarter worth $97,000. Edge Capital Group LLC lifted its holdings in shares of EOG Resources by 1.7% during the fourth quarter. Edge Capital Group LLC now owns 12,639 shares of the energy exploration company’s stock worth $1,549,000 after buying an additional 206 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of EOG Resources by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 10,197 shares of the energy exploration company’s stock valued at $1,250,000 after acquiring an additional 192 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of EOG Resources by 4.2% in the fourth quarter. IFP Advisors Inc now owns 13,121 shares of the energy exploration company’s stock valued at $1,609,000 after acquiring an additional 528 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by insiders.

EOG Resources Trading Up 0.3 %

EOG opened at $133.50 on Tuesday. The company has a market cap of $75.08 billion, a P/E ratio of 10.75, a PEG ratio of 3.58 and a beta of 1.27. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $128.53 and its 200-day moving average is $127.83. EOG Resources, Inc. has a 1-year low of $111.13 and a 1-year high of $139.67.

EOG Resources announced that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EOG. Truist Financial lifted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Piper Sandler lifted their price target on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Bank of America restated a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.85.

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.