Bank of Nova Scotia lessened 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 filing with the Securities and Exchange Commission (SEC). The firm owned 130,260 shares of the energy exploration company’s stock after selling 1,705 shares during the period. Bank of Nova Scotia’s holdings in EOG Resources were worth $11,791,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. IHT Wealth Management LLC increased its stake in shares of EOG Resources by 4.1% in the 1st quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock valued at $101,000 after purchasing an additional 41 shares during the last quarter. Winfield Associates Inc. increased its stake in shares of EOG Resources by 1.7% in the 2nd quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock valued at $103,000 after purchasing an additional 19 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of EOG Resources by 60.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock valued at $104,000 after purchasing an additional 401 shares during the last quarter. Exane Derivatives increased its stake in shares of EOG Resources by 19.8% in the 2nd quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock valued at $105,000 after purchasing an additional 192 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in shares of EOG Resources by 17.3% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,270 shares of the energy exploration company’s stock valued at $124,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

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In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $88.22, for a total transaction of $352,880.00. Following the completion of the sale, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary L. Thomas sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $96.63, for a total transaction of $2,415,750.00. Following the sale, the insider now directly owns 1,067,465 shares of the company’s stock, valued at approximately $103,149,142.95. The disclosure for this sale can be found here. Insiders have sold 38,578 shares of company stock valued at $3,700,882 in the last ninety days. Insiders own 0.53% of the company’s stock.

Shares of EOG Resources, Inc. (NYSE EOG) traded up 0.32% during mid-day trading on Friday, reaching $96.96. The company’s stock had a trading volume of 358,263 shares. EOG Resources, Inc. has a 12 month low of $81.99 and a 12 month high of $109.37. The company has a 50-day moving average of $91.83 and a 200-day moving average of $91.71. The company’s market cap is $55.99 billion.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the business posted ($0.38) EPS. EOG Resources’s revenue for the quarter was up 47.1% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post $0.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be paid a dividend of $0.1675 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Monday, October 16th. EOG Resources’s dividend payout ratio is -131.37%.

Several equities analysts have recently issued reports on EOG shares. FBR & Co decreased their price target on EOG Resources from $122.00 to $108.00 and set an “outperform” rating on the stock in a research note on Monday, June 26th. Atlantic Securities upgraded EOG Resources from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $98.00 to $100.00 in a research note on Tuesday, June 27th. BidaskClub upgraded EOG Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Scotiabank set a $100.00 price target on EOG Resources and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of EOG Resources in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $108.28.

About EOG Resources

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

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

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