EOG Resources Inc (NYSE:EOG) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Thursday, April 16th will be given a dividend of 0.375 per share by the energy exploration company on Thursday, April 30th. This represents a $1.50 dividend on an annualized basis and a yield of 2.50%. This is an increase from EOG Resources’s previous quarterly dividend of $0.29.
EOG Resources has raised its dividend payment by an average of 19.7% per year over the last three years and has increased its dividend every year for the last 2 years. EOG Resources has a dividend payout ratio of 21.9% meaning its dividend is sufficiently covered by earnings. Analysts expect EOG Resources to earn $5.24 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 21.9%.
EOG Resources stock opened at $60.00 on Friday. EOG Resources has a twelve month low of $58.85 and a twelve month high of $107.89. The stock has a 50 day moving average of $78.08 and a two-hundred day moving average of $75.93. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $36.77 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.18 and a beta of 1.45.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, February 27th. The energy exploration company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.20. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.44 billion. EOG Resources had a return on equity of 13.94% and a net margin of 16.96%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. Equities analysts predict that EOG Resources will post 4.79 earnings per share for the current year.
In related news, Director Charles R. Crisp sold 420 shares of EOG Resources stock in a transaction on Friday, January 10th. The stock was sold at an average price of $86.49, for a total value of $36,325.80. Following the transaction, the director now owns 50,296 shares in the company, valued at $4,350,101.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on EOG shares. Bank of America raised EOG Resources from a “neutral” rating to a “buy” rating in a research note on Monday, January 6th. Barclays dropped their price objective on EOG Resources from $132.00 to $111.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. SunTrust Banks raised EOG Resources from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $110.00 in a research note on Tuesday, January 21st. Johnson Rice raised EOG Resources from a “hold” rating to an “accumulate” rating in a research note on Tuesday, November 19th. Finally, Robert W. Baird raised their price objective on EOG Resources from $89.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and a consensus target price of $103.89.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People’s Republic of China, and Canada.
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