Principal Financial Group Inc. trimmed its position in shares of Eco Atlantic Oil & Gas Ltd (NYSE:EOG) by 39.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 956,158 shares of the company’s stock after selling 627,616 shares during the quarter. Principal Financial Group Inc. owned approximately 0.17% of Eco Atlantic Oil & Gas worth $92,499,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Gagnon Securities LLC boosted its stake in shares of Eco Atlantic Oil & Gas by 0.3% during the second quarter. Gagnon Securities LLC now owns 3,018 shares of the company’s stock valued at $273,000 after purchasing an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Eco Atlantic Oil & Gas by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,223 shares of the company’s stock valued at $217,000 after purchasing an additional 15 shares in the last quarter. Winfield Associates Inc. boosted its stake in shares of Eco Atlantic Oil & Gas by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the company’s stock valued at $103,000 after purchasing an additional 19 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Eco Atlantic Oil & Gas by 0.5% during the second quarter. Quadrant Capital Group LLC now owns 5,007 shares of the company’s stock valued at $418,000 after purchasing an additional 23 shares in the last quarter. Finally, Bank of The West boosted its stake in shares of Eco Atlantic Oil & Gas by 0.8% during the second quarter. Bank of The West now owns 3,751 shares of the company’s stock valued at $339,000 after purchasing an additional 28 shares in the last quarter.

Shares of Eco Atlantic Oil & Gas Ltd (EOG) opened at C$104.58 on Friday. Eco Atlantic Oil & Gas Ltd has a 1-year low of C$81.99 and a 1-year high of C$109.37.

Eco Atlantic Oil & Gas (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 2nd. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.12 by C$0.07. Eco Atlantic Oil & Gas had a return on equity of 0.66% and a net margin of 0.88%. The business had revenue of C$2.64 billion during the quarter, compared to the consensus estimate of C$2.59 billion. During the same quarter in the prior year, the company posted ($0.40) earnings per share. Eco Atlantic Oil & Gas’s revenue was up 24.8% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th were issued a dividend of $0.1675 per share. The ex-dividend date was Monday, October 16th. This represents a $0.67 annualized dividend and a yield of 0.64%.

A number of brokerages have recently commented on EOG. Jefferies Group LLC lifted their price target on Eco Atlantic Oil & Gas from $95.00 to $99.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada lifted their price target on Eco Atlantic Oil & Gas from $107.00 to $110.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered Eco Atlantic Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Morgan Stanley set a $116.00 price objective on Eco Atlantic Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Robert W. Baird set a $114.00 price objective on Eco Atlantic Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$108.79.

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In related news, Director Charles R. Crisp sold 3,411 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$97.03, for a total transaction of C$330,969.33. Following the completion of the sale, the director now owns 53,196 shares in the company, valued at C$5,161,607.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$88.22, for a total value of C$352,880.00. Following the sale, the executive vice president now owns 70,987 shares of the company’s stock, valued at approximately C$6,262,473.14. The disclosure for this sale can be found here. Insiders have sold 157,692 shares of company stock valued at $4,070,270 in the last quarter.

Eco Atlantic Oil & Gas 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 Eco Atlantic Oil & Gas (NYSE:EOG)

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