EOG Resources, Inc. (NYSE:EOG) Announces $1.02 Quarterly Dividend

EOG Resources, Inc. (NYSE:EOG) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Friday, January 16th will be given a dividend of 1.02 per share by the energy exploration company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th.

EOG Resources has increased its dividend by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 8 years. EOG Resources has a dividend payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EOG Resources to earn $11.54 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 35.4%.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $0.11 during trading on Friday, reaching $104.89. 2,627,918 shares of the company’s stock traded hands, compared to its average volume of 3,606,369. The stock has a market capitalization of $57.27 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. EOG Resources has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a 50 day moving average of $112.75 and a 200-day moving average of $115.59. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $2.89 earnings per share. EOG Resources’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that EOG Resources will post 11.47 EPS for the current year.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources during the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its position in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of EOG Resources during the first quarter valued at approximately $28,000. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the 2nd quarter worth approximately $29,000. Finally, JCIC Asset Management Inc. purchased a new position in EOG Resources during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.