EOG Resources Inc Forecasted to Earn FY2019 Earnings of $4.83 Per Share (EOG)
EOG Resources Inc (NYSE:EOG) – Investment analysts at Capital One Financial issued their FY2019 earnings estimates for EOG Resources in a research note issued on Thursday. Capital One Financial analyst P. Johnston anticipates that the energy exploration company will post earnings per share of $4.83 for the year.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 27th. The energy exploration company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.30. EOG Resources had a return on equity of 4.66% and a net margin of 23.04%. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.03 billion.
Shares of EOG Resources (NYSE:EOG) traded up $0.27 during mid-day trading on Friday, reaching $101.45. The company had a trading volume of 4,023,252 shares, compared to its average volume of 3,700,635. EOG Resources has a 12 month low of $81.99 and a 12 month high of $119.00. The stock has a market capitalization of $58,546.43, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 3.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.11.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in EOG Resources by 21.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,412,802 shares of the energy exploration company’s stock worth $620,361,000 after buying an additional 1,118,898 shares in the last quarter. Geode Capital Management LLC increased its holdings in EOG Resources by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 5,644,014 shares of the energy exploration company’s stock worth $607,661,000 after buying an additional 161,514 shares in the last quarter. Carmignac Gestion increased its holdings in EOG Resources by 6.1% in the 3rd quarter. Carmignac Gestion now owns 4,573,922 shares of the energy exploration company’s stock worth $442,481,000 after buying an additional 262,164 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in EOG Resources by 0.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,033,961 shares of the energy exploration company’s stock worth $435,304,000 after buying an additional 27,075 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in EOG Resources by 16.9% in the 4th quarter. Lazard Asset Management LLC now owns 2,921,180 shares of the energy exploration company’s stock worth $315,223,000 after buying an additional 422,672 shares in the last quarter. 84.55% of the stock is owned by hedge funds and other institutional investors.
In other news, President Gary L. Thomas sold 2,000 shares of EOG Resources stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $107.95, for a total value of $215,900.00. Following the completion of the transaction, the president now owns 1,046,430 shares of the company’s stock, valued at approximately $112,962,118.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 15,322 shares of EOG Resources stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $114.26, for a total value of $1,750,691.72. Following the completion of the transaction, the executive vice president now directly owns 59,917 shares of the company’s stock, valued at approximately $6,846,116.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,934 shares of company stock valued at $7,820,085. 0.53% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, April 13th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.17. EOG Resources’s payout ratio is currently 15.02%.
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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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