EOG Resources, Inc. (EOG) To Go Ex-Dividend on January 16th

EOG Resources, Inc. (NYSE:EOG) declared a quarterly dividend on Thursday, November 6th. Shareholders 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 of this dividend is Friday, January 16th.

EOG Resources has raised its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 8 years. EOG Resources has a dividend payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE EOG opened at $105.19 on Friday. EOG Resources has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a market cap of $57.44 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The company has a 50-day moving average price of $112.35 and a two-hundred day moving average price of $115.57.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.89 earnings per share. Analysts forecast that EOG Resources will post 11.47 EPS for the current year.

Institutional Trading of EOG Resources

Large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC grew its holdings in shares of EOG Resources by 73.9% in the 1st quarter. Penserra Capital Management LLC now owns 2,561 shares of the energy exploration company’s stock worth $328,000 after acquiring an additional 1,088 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of EOG Resources by 2.3% during the first quarter. Cerity Partners LLC now owns 124,578 shares of the energy exploration company’s stock valued at $15,976,000 after purchasing an additional 2,859 shares during the last quarter. Processus Wealth & Capital Management LLC boosted its position in shares of EOG Resources by 1.5% in the 1st quarter. Processus Wealth & Capital Management LLC now owns 11,231 shares of the energy exploration company’s stock valued at $1,440,000 after purchasing an additional 170 shares during the period. Fidelis Capital Partners LLC increased its stake in EOG Resources by 3.5% in the 1st quarter. Fidelis Capital Partners LLC now owns 14,468 shares of the energy exploration company’s stock worth $1,855,000 after purchasing an additional 492 shares in the last quarter. Finally, Xponance Inc. raised its holdings in EOG Resources by 0.5% during the 1st quarter. Xponance Inc. now owns 74,532 shares of the energy exploration company’s stock worth $9,558,000 after buying an additional 404 shares during the period. 89.91% of the stock is currently owned by institutional investors.

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.