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

EOG Resources, Inc. (NYSE:EOG) announced a quarterly dividend on Tuesday, May 5th. Shareholders 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) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th.

EOG Resources has increased 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% meaning its dividend is sufficiently covered by earnings. Analysts expect EOG Resources to earn $13.90 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 29.4%.

EOG Resources Stock Performance

Shares of EOG stock opened at $138.10 on Wednesday. The company has a market cap of $73.56 billion, a P/E ratio of 13.59 and a beta of 0.25. The firm has a fifty day moving average price of $135.51 and a 200 day moving average price of $127.99. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources has a 12 month low of $101.59 and a 12 month high of $151.87.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the business earned $2.87 EPS. 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 16.18 earnings per share for the current fiscal year.

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.