EOG Resources Inc (NYSE:EOG) declared a quarterly dividend on Wednesday, December 13th, RTT News reports. Investors of record on Wednesday, January 17th will be given a dividend of 0.1675 per share by the energy exploration company on Wednesday, January 31st. This represents a $0.67 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, January 16th.
EOG Resources has raised its dividend payment by an average of 9.4% per year over the last three years. EOG Resources has a dividend payout ratio of 75.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect EOG Resources to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.67 annual dividend with an expected future payout ratio of 21.1%.
EOG Resources (EOG) traded down $3.69 on Friday, reaching $112.83. 2,548,719 shares of the company traded hands, compared to its average volume of 2,630,000. EOG Resources has a 52 week low of $81.99 and a 52 week high of $119.00. The stock has a market capitalization of $65,240.00, a PE ratio of 11,283.00, a price-to-earnings-growth ratio of 4.03 and a beta of 1.01. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.46.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 2nd. The energy exploration company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. EOG Resources had a net margin of 0.10% and a return on equity of 1.73%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the company posted ($0.40) EPS. The business’s revenue was up 24.8% on a year-over-year basis. analysts anticipate that EOG Resources will post 0.93 earnings per share for the current year.
Several equities research analysts have recently issued reports on EOG shares. Morgan Stanley lowered their target price on shares of EOG Resources from $142.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Credit Suisse Group set a $126.00 target price on shares of EOG Resources and gave the stock a “hold” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus set a $136.00 target price on shares of EOG Resources and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a report on Monday, January 15th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $120.00 price objective on shares of EOG Resources in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. EOG Resources currently has an average rating of “Buy” and a consensus price target of $116.72.
In other news, CFO Timothy K. Driggers sold 8,871 shares of EOG Resources stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $105.45, for a total value of $935,446.95. Following the transaction, the chief financial officer now owns 185,157 shares of the company’s stock, valued at approximately $19,524,805.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 1,741 shares of EOG Resources stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $106.00, for a total transaction of $184,546.00. Following the completion of the transaction, the executive vice president now directly owns 75,118 shares in the company, valued at approximately $7,962,508. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,048 shares of company stock worth $8,152,193. Insiders own 0.53% of the company’s stock.
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About EOG Resources
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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