EOG Resources, Inc. (EOG) To Go Ex-Dividend on July 17th

EOG Resources, Inc. (NYSE:EOG) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, July 17th will be paid a dividend of 1.02 per share by the energy exploration company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, July 17th.

EOG Resources has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 8 years. EOG Resources has a payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EOG Resources to earn $13.07 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 31.2%.

EOG Resources Stock Down 4.4%

EOG stock opened at $134.69 on Thursday. The company’s 50 day moving average is $135.53 and its 200 day moving average is $118.14. The stock has a market cap of $72.15 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.43%. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the business posted $2.87 earnings per share. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. Sell-side analysts predict that EOG Resources will post 14.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Wells Fargo & Company increased their target price on EOG Resources from $155.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Susquehanna raised their price target on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Finally, Jefferies Financial Group increased their price objective on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $153.82.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.