Hendley & Co. Inc. Buys 698 Shares of EOG Resources, Inc. $EOG

Hendley & Co. Inc. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,694 shares of the energy exploration company’s stock after purchasing an additional 698 shares during the quarter. EOG Resources comprises 2.3% of Hendley & Co. Inc.’s holdings, making the stock its 16th largest holding. Hendley & Co. Inc.’s holdings in EOG Resources were worth $6,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in EOG Resources in the first quarter valued at about $26,000. Saudi Central Bank purchased a new stake in EOG Resources in the first quarter valued at about $28,000. Raleigh Capital Management Inc. purchased a new stake in EOG Resources in the second quarter valued at about $29,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources in the first quarter valued at about $34,000. Finally, ORG Partners LLC raised its stake in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.1%

Shares of NYSE:EOG opened at $110.36 on Wednesday. The business has a 50-day moving average price of $117.98 and a 200-day moving average price of $117.02. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $60.25 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 8.48 and a beta of 0.74. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.18. The company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the business earned $3.16 earnings per share. Equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on EOG. Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. Stephens assumed coverage on EOG Resources in a research note on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 price target for the company. Melius assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective for the company. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Royal Bank Of Canada raised their price objective on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $143.43.

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.