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

EOG Resources, Inc. (NYSE:EOG) declared a quarterly dividend on Thursday, November 6th. Investors 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) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, January 16th.

EOG Resources has raised its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. EOG Resources has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. 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

EOG traded down $0.03 during trading on Friday, hitting $104.97. 1,928,464 shares of the stock were exchanged, compared to its average volume of 3,603,449. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources has a 1-year low of $102.52 and a 1-year high of $138.18. The stock has a fifty day moving average price of $112.75 and a two-hundred day moving average price of $115.59. The firm has a market capitalization of $57.31 billion, a P/E ratio of 10.21, a PEG ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the company earned $2.89 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that EOG Resources will post 11.47 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Penserra Capital Management LLC lifted its stake in shares of EOG Resources by 73.9% in the first quarter. Penserra Capital Management LLC now owns 2,561 shares of the energy exploration company’s stock valued at $328,000 after purchasing an additional 1,088 shares during the period. TD Private Client Wealth LLC increased its holdings in EOG Resources by 13.6% in the first quarter. TD Private Client Wealth LLC now owns 6,574 shares of the energy exploration company’s stock valued at $843,000 after buying an additional 788 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of EOG Resources by 11.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 21,918 shares of the energy exploration company’s stock valued at $2,811,000 after acquiring an additional 2,209 shares during the period. Stratos Wealth Partners LTD. boosted its stake in shares of EOG Resources by 4.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 27,597 shares of the energy exploration company’s stock worth $3,539,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of EOG Resources by 5.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 12,548 shares of the energy exploration company’s stock worth $1,609,000 after acquiring an additional 692 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Company Profile

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.