EOG Resources, Inc. (NYSE:EOG) Announces Dividend Increase – $1.10 Per Share

EOG Resources, Inc. (NYSE:EOG) announced 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, January 15th. This is a 7.8% increase from EOG Resources’s previous quarterly dividend of $1.02.

EOG Resources has increased its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. EOG Resources has a dividend payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 1.5%

Shares of EOG stock opened at $144.83 on Friday. The company’s fifty day simple moving average is $149.25 and its two-hundred day simple moving average is $137.62. EOG Resources has a 52 week low of $101.59 and a 52 week high of $165.93. The stock has a market cap of $75.97 billion, a P/E ratio of 11.27, a PEG ratio of 0.52 and a beta of 0.27. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 5th. The energy exploration company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.45 by $0.42. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.55 billion during the quarter, compared to analyst estimates of $7.26 billion. During the same quarter last year, the business earned $2.71 earnings per share. EOG Resources’s quarterly revenue was up 46.2% compared to the same quarter last year. Analysts predict that EOG Resources will post 17.70 EPS for the current fiscal year.

EOG Resources Company Profile

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.