Jarislowsky Fraser Ltd lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 835,415 shares of the company’s stock after selling 2,010 shares during the quarter. Jarislowsky Fraser Ltd owned about 0.14% of EOG Resources worth $80,818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EOG. BlackRock Inc. lifted its stake in shares of EOG Resources by 2,098.0% during the 1st quarter. BlackRock Inc. now owns 35,740,352 shares of the company’s stock worth $3,486,473,000 after buying an additional 34,114,299 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of EOG Resources by 14.7% during the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the company’s stock worth $3,787,329,000 after buying an additional 5,368,941 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of EOG Resources by 64.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the company’s stock worth $479,202,000 after buying an additional 2,083,122 shares during the last quarter. Capital World Investors lifted its stake in shares of EOG Resources by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the company’s stock worth $1,580,657,000 after buying an additional 1,568,085 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of EOG Resources by 49.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the company’s stock worth $399,039,000 after buying an additional 1,452,947 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

In related news, EVP Michael P. Donaldson sold 6,167 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of C$97.50, for a total transaction of C$601,282.50. Following the transaction, the executive vice president now owns 74,316 shares in the company, valued at approximately C$7,245,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles R. Crisp sold 3,411 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of C$97.03, for a total transaction of C$330,969.33. Following the transaction, the director now owns 53,196 shares in the company, valued at approximately C$5,161,607.88. The disclosure for this sale can be found here. Insiders sold a total of 153,692 shares of company stock worth $3,717,390 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.

Several analysts have weighed in on EOG shares. Royal Bank Of Canada set a $115.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Sunday, July 16th. Citigroup Inc. cut shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $112.00 to $98.00 in a research note on Friday, July 21st. Zacks Investment Research cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. BidaskClub upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Scotiabank reiterated a “hold” rating and issued a $100.00 price objective on shares of EOG Resources in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$108.79.

EOG Resources, Inc. (NYSE EOG) traded down C$0.28 on Monday, reaching C$104.30. 364,735 shares of the company’s stock were exchanged, compared to its average volume of 3,137,529. The company has a market cap of $60,470.16, a price-to-earnings ratio of 255.07, a price-to-earnings-growth ratio of 14.97 and a beta of 0.99. EOG Resources, Inc. has a 52-week low of C$81.99 and a 52-week high of C$109.37. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 2nd. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.12 by C$0.07. The firm had revenue of C$2.64 billion for the quarter, compared to the consensus estimate of C$2.59 billion. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.40) EPS. research analysts expect that EOG Resources, Inc. will post 0.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th were given a $0.1675 dividend. The ex-dividend date was Monday, October 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.64%. EOG Resources’s dividend payout ratio (DPR) is currently 6,700.00%.

COPYRIGHT VIOLATION WARNING: “Jarislowsky Fraser Ltd Cuts Stake in EOG Resources, Inc. (EOG)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.thecerbatgem.com/2017/11/13/jarislowsky-fraser-ltd-cuts-stake-in-eog-resources-inc-eog.html.

EOG Resources Company Profile

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)

Receive News & Stock Ratings for EOG Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources Inc. and related stocks with our FREE daily email newsletter.