EOG Resources, Inc. (EOG) To Go Ex-Dividend on January 15th

EOG Resources, Inc. (NYSE:EOG) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, January 15th will be paid a dividend of $1.10 per share by the energy exploration company on Friday, January 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, January 15th. This is a 7.8% increase from EOG Resources’s previous quarterly dividend of $1.02.

EOG Resources has raised its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 8 consecutive 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 $15.62 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 26.1%.

EOG Resources Stock Up 2.0%

Shares of NYSE:EOG opened at $147.79 on Friday. The company has a market capitalization of $77.52 billion, a PE ratio of 9.55, a P/E/G ratio of 0.56 and a beta of 0.27. EOG Resources has a 52 week low of $101.59 and a 52 week high of $165.93. The company’s fifty day moving average is $149.32 and its 200-day moving average is $137.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 5th. The energy exploration company reported $4.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.42. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same period in the prior year, the firm posted $2.71 EPS. The firm’s quarterly revenue was up 46.2% compared to the same quarter last year. Equities research analysts predict that EOG Resources will post 17.70 earnings per share for the current fiscal year.

About EOG Resources

EOG Resources is an independent energy company focused on exploring for, developing and producing crude oil, natural gas and natural gas liquids. Its operations include drilling and managing wells, with a focus on resources in shale and other tight-rock formations.

The company’s activities are concentrated in the United States, including major producing regions such as the Permian Basin and Eagle Ford. EOG also has international operations, including in Trinidad and Tobago and the United Arab Emirates.

Founded in 1985 as Enron Oil & Gas, the company became independent in 1999 and adopted the name EOG Resources.