EOG Resources, Inc. (EOG) to Distribute Quarterly Dividend of $1.02 on October 30th

EOG Resources, Inc. (NYSE:EOG – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, October 16th will be given a dividend of $1.02 per share by the energy exploration company on Friday, October 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 16th.

EOG Resources has increased its dividend by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. EOG Resources has a payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EOG Resources to earn $14.67 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 27.8%.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $153.34 on Wednesday. The firm has a market cap of $80.43 billion, a PE ratio of 11.93, a P/E/G ratio of 0.55 and a beta of 0.36. EOG Resources has a twelve month low of $101.59 and a twelve month high of $154.16. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $144.79 and a 200 day moving average price of $140.10.

EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the prior year, the business posted $2.32 earnings per share. EOG Resources’s revenue for the quarter was up 57.4% on a year-over-year basis. Sell-side analysts predict that EOG Resources will post 17.13 earnings per share for the current fiscal year.

EOG Resources Company Profile

(Get Free Report)

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.

EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.

Further Reading

Dividend History for EOG Resources (NYSE:EOG)

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