Shares of EOG Resources Inc. (NYSE:EOG) hit a new 52-week high during trading on Thursday after the company announced a dividend. The stock traded as high as $95.94 and last traded at $94.72, with a volume of 2,436,373 shares trading hands. The stock had previously closed at $93.96.
The newly announced dividend which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a $0.1675 dividend. This represents a $0.67 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, October 13th. EOG Resources’s payout ratio is currently -7.14%.
Several equities analysts recently commented on the stock. Jefferies Group reaffirmed a “hold” rating on shares of EOG Resources in a research report on Thursday, August 4th. Zacks Investment Research lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Wunderlich raised shares of EOG Resources from a “hold” rating to a “buy” rating and increased their price objective for the company from $79.00 to $104.00 in a research report on Monday, August 8th. Credit Agricole SA started coverage on shares of EOG Resources in a research report on Wednesday, June 22nd. They issued an “underperform” rating for the company. Finally, Tudor Pickering lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $91.96.
The company’s market cap is $52.34 billion. The stock’s 50 day moving average is $91.17 and its 200 day moving average is $83.01.
EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $0.28 EPS. EOG Resources’s revenue for the quarter was down 28.1% compared to the same quarter last year. Equities research analysts predict that EOG Resources Inc. will post ($1.67) earnings per share for the current year.
In other news, EVP Lloyd W. Helms, Jr. sold 4,875 shares of EOG Resources stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $81.82, for a total value of $398,872.50. Following the completion of the transaction, the executive vice president now owns 59,032 shares in the company, valued at approximately $4,829,998.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William R. Thomas sold 16,581 shares of EOG Resources stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $92.86, for a total value of $1,539,711.66. Following the completion of the transaction, the chief executive officer now owns 502,766 shares of the company’s stock, valued at approximately $46,686,850.76. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of EOG. Mckinley Capital Management LLC Delaware raised its position in shares of EOG Resources by 17.1% in the first quarter. Mckinley Capital Management LLC Delaware now owns 312,857 shares of the energy exploration company’s stock valued at $22,707,000 after buying an additional 45,788 shares during the last quarter. FDO Partners LLC bought a new position in EOG Resources during the first quarter worth about $656,000. RMB Capital Management LLC bought a new position in EOG Resources during the first quarter worth about $14,686,000. Prudential Financial Inc. raised its position in EOG Resources by 0.4% in the first quarter. Prudential Financial Inc. now owns 695,910 shares of the energy exploration company’s stock worth $50,509,000 after buying an additional 2,500 shares in the last quarter. Finally, Teachers Advisors Inc. raised its position in EOG Resources by 23.5% in the first quarter. Teachers Advisors Inc. now owns 2,254,295 shares of the energy exploration company’s stock worth $163,617,000 after buying an additional 428,754 shares in the last quarter. Institutional investors own 89.44% of the company’s stock.
About EOG Resources
EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.
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