EOG Resources, Inc. (NYSE:EOG – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, January 15th will be paid a dividend of $1.10 per share by the energy exploration company on Friday, January 29th. This represents a $4.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, January 15th. This is a 7.8% increase from EOG Resources’s previous quarterly dividend of $1.02.
EOG Resources has raised 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 analysts expect EOG Resources to earn $15.62 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 26.1%.
EOG Resources Trading Down 1.5%
EOG opened at $144.83 on Friday. The stock has a market cap of $75.97 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 0.52 and a beta of 0.27. The stock’s 50 day moving average price is $149.25 and its 200-day moving average price is $137.62. EOG Resources has a one year low of $101.59 and a one year high of $165.93. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.
EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The energy exploration company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.42. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $7.26 billion. During the same period in the prior year, the business posted $2.71 earnings per share. The company’s revenue for the quarter was up 46.2% on a year-over-year basis. On average, equities analysts forecast that EOG Resources will post 17.70 EPS for the current year.
Key EOG Resources News
Here are the key news stories impacting EOG Resources this week:
- Positive Sentiment: Third-quarter earnings were $4.87 per share, above the $4.45 consensus estimate and up from $2.71 a year earlier. Revenue reached $8.55 billion, beating the $7.26 billion estimate and rising 46.2% year over year. The earnings and revenue beats may support investor sentiment. EOG Resources Surpasses Q3 Earnings and Revenue Estimates
- Positive Sentiment: EOG increased its quarterly dividend 7.8%, from $1.02 to $1.10 per share. That equates to $4.40 annually and a reported 3.0% yield; the dividend is payable January 29 to shareholders of record January 15. The increase adds to shareholder returns. EOG Reports Third Quarter Results and Raises Dividend
About EOG Resources
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. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.
The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.
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