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

EOG Resources, Inc. (NYSE:EOG) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, October 16th will be given a dividend of 1.02 per share by the energy exploration company on Friday, October 30th. 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, October 16th.

EOG Resources has increased its dividend payment by an average of 0.2%annually 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. Research analysts expect EOG Resources to earn $13.82 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 29.5%.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $134.27 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $137.17 and a 200-day simple moving average of $132.14. The company has a market cap of $71.51 billion, a PE ratio of 10.45 and a beta of 0.25. EOG Resources has a 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.74% and a net margin of 25.44%.The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same period last year, the firm earned $2.32 EPS. The firm’s revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources will post 16.18 EPS for the current year.

About EOG Resources

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.