Aperio Group LLC Increases Stake in Eco Atlantic Oil & Gas Ltd (NYSE:EOG)

Aperio Group LLC lifted its stake in Eco Atlantic Oil & Gas Ltd (NYSE:EOG) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,616 shares of the company’s stock after purchasing an additional 17,107 shares during the period. Aperio Group LLC’s holdings in Eco Atlantic Oil & Gas were worth $25,502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EOG. BlackRock Inc. lifted its stake in shares of Eco Atlantic Oil & Gas by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the company’s stock valued at $3,486,473,000 after purchasing an additional 34,114,299 shares during the period. Capital Research Global Investors increased its holdings in Eco Atlantic Oil & Gas by 14.7% during the 2nd quarter. Capital Research Global Investors now owns 41,839,695 shares of the company’s stock valued at $3,787,329,000 after acquiring an additional 5,368,941 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Eco Atlantic Oil & Gas by 64.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,293,904 shares of the company’s stock valued at $479,202,000 after acquiring an additional 2,083,122 shares in the last quarter. Capital World Investors increased its holdings in Eco Atlantic Oil & Gas by 9.9% during the 2nd quarter. Capital World Investors now owns 17,461,968 shares of the company’s stock valued at $1,580,657,000 after acquiring an additional 1,568,085 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in Eco Atlantic Oil & Gas by 49.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,408,298 shares of the company’s stock valued at $399,039,000 after acquiring an additional 1,452,947 shares in the last quarter.

Shares of Eco Atlantic Oil & Gas Ltd (NYSE EOG) traded down C$0.20 during midday trading on Friday, reaching C$104.58. 3,380,000 shares of the company’s stock were exchanged, compared to its average volume of 2,540,000. Eco Atlantic Oil & Gas Ltd has a 52 week low of C$81.99 and a 52 week high of C$109.37.

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

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

A number of equities research analysts have recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $101.00 price target on shares of Eco Atlantic Oil & Gas in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Eco Atlantic Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Stifel Nicolaus set a $106.00 price target on shares of Eco Atlantic Oil & Gas and gave the stock a “buy” rating in a report on Thursday, October 5th. Royal Bank Of Canada set a $107.00 price target on shares of Eco Atlantic Oil & Gas and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, BMO Capital Markets restated a “buy” rating and issued a $95.00 target price on shares of Eco Atlantic Oil & Gas in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$108.79.

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In other news, EVP David W. Trice sold 3,114 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of C$106.65, for a total value of C$332,108.10. Following the transaction, the executive vice president now owns 80,415 shares in the company, valued at approximately C$8,576,259.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary L. Thomas sold 25,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of C$96.63, for a total value of C$2,415,750.00. Following the completion of the transaction, the insider now owns 1,067,465 shares in the company, valued at approximately C$103,149,142.95. The disclosure for this sale can be found here. Insiders have sold 157,692 shares of company stock valued at $4,070,270 over the last ninety days.

About Eco Atlantic Oil & Gas

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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