Jones Collombin Investment Counsel Inc cut its position in shares of EOG Resources Inc. (NYSE:EOG) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,040 shares of the energy exploration company’s stock after selling 5,280 shares during the period. EOG Resources accounts for approximately 2.0% of Jones Collombin Investment Counsel Inc’s investment portfolio, making the stock its 26th largest position. Jones Collombin Investment Counsel Inc’s holdings in EOG Resources were worth $6,290,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Putnam FL Investment Management Co. increased its stake in EOG Resources by 7.4% in the second quarter. Putnam FL Investment Management Co. now owns 208,897 shares of the energy exploration company’s stock valued at $17,426,000 after buying an additional 14,412 shares during the period. Waverton Investment Management Ltd raised its position in shares of EOG Resources by 354.9% in the second quarter. Waverton Investment Management Ltd now owns 463,620 shares of the energy exploration company’s stock valued at $38,675,000 after buying an additional 361,695 shares in the last quarter. Shell Asset Management Co. raised its position in shares of EOG Resources by 23.3% in the second quarter. Shell Asset Management Co. now owns 121,069 shares of the energy exploration company’s stock valued at $10,100,000 after buying an additional 22,916 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of EOG Resources by 836.6% in the second quarter. Artemis Investment Management LLP now owns 174,257 shares of the energy exploration company’s stock valued at $14,533,000 after buying an additional 155,651 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of EOG Resources by 20.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 811,082 shares of the energy exploration company’s stock valued at $67,660,000 after buying an additional 136,593 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

EOG Resources Inc. (NYSE:EOG) traded up 10.8458% on Wednesday, hitting $102.4659. 7,748,428 shares of the stock traded hands. The stock’s market cap is $59.07 billion. EOG Resources Inc. has a 52-week low of $57.15 and a 52-week high of $103.07. The company’s 50 day moving average price is $93.64 and its 200-day moving average price is $88.15.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 3rd. The energy exploration company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. EOG Resources had a negative return on equity of 8.42% and a negative net margin of 17.58%. The company earned $2.12 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the business posted $0.02 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts forecast that EOG Resources Inc. will post ($1.76) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were issued a $0.1675 dividend. This represents a $0.67 annualized dividend and a yield of 0.72%. The ex-dividend date was Thursday, October 13th. EOG Resources’s dividend payout ratio is currently -29.65%.

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Several research analysts recently issued reports on the company. Clsa Americas raised EOG Resources from an “underperform” rating to an “outperform” rating in a research report on Monday, November 14th. CLSA raised EOG Resources from an “underperform” rating to an “outperform” rating in a research report on Tuesday, November 15th. Royal Bank Of Canada raised their target price on EOG Resources from $95.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 7th. Bank of America Corp. reaffirmed a “hold” rating and set a $110.00 target price on shares of EOG Resources in a research report on Friday, November 4th. Finally, lifted their price objective on EOG Resources from $93.00 to $98.00 and gave the stock an “underperform” rating in a research report on Wednesday, September 7th. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. EOG Resources currently has a consensus rating of “Buy” and a consensus price target of $96.98.

In related news, Director Frank G. Wisner sold 2,026 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $92.65, for a total value of $187,708.90. Following the sale, the director now owns 113,125 shares in the company, valued at $10,481,031.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 8,473 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $91.00, for a total transaction of $771,043.00. Following the completion of the sale, the executive vice president now owns 66,566 shares in the company, valued at approximately $6,057,506. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

About EOG Resources

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

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