EOG Resources Inc (NYSE:EOG) declared a quarterly dividend on Thursday, May 2nd, RTT News reports. Investors of record on Wednesday, July 17th will be paid a dividend of 0.2875 per share by the energy exploration company on Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, July 16th. This is a boost from EOG Resources’s previous quarterly dividend of $0.22.
EOG Resources has raised its dividend by an average of 4.2% per year over the last three years. EOG Resources has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect EOG Resources to earn $6.68 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 17.2%.
Shares of EOG opened at $90.90 on Friday. The company’s 50 day moving average is $87.76. EOG Resources has a 52 week low of $80.41 and a 52 week high of $133.53. The stock has a market capitalization of $52.75 billion, a P/E ratio of 16.41, a PEG ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.94.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.16. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. As a group, equities analysts predict that EOG Resources will post 5.64 earnings per share for the current year.
A number of research analysts recently commented on EOG shares. Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Susquehanna Bancshares initiated coverage on shares of Pinterest in a research report on Monday, May 6th. They issued a “neutral” rating and a $35.00 target price for the company. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. MKM Partners raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, May 28th. Finally, KeyCorp boosted their target price on shares of WPX Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company’s stock. EOG Resources has a consensus rating of “Buy” and a consensus target price of $120.72.
EOG Resources Company Profile
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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