EOG Resources, Inc. (NYSE:EOG) declared a quarterly dividend on Tuesday, September 19th, RTT News reports. Shareholders of record on Tuesday, October 17th will be given a dividend of 0.1675 per share by the energy exploration company on Tuesday, October 31st. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%.

EOG Resources has increased its dividend payment by an average of 22.3% annually over the last three years. EOG Resources has a dividend payout ratio of 117.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect EOG Resources to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.67 annual dividend with an expected future payout ratio of 47.9%.

EOG Resources (NYSE:EOG) traded up 0.09% during trading on Tuesday, reaching $93.13. The company’s stock had a trading volume of 2,067,659 shares. The company’s 50 day moving average price is $87.86 and its 200-day moving average price is $91.65. The stock’s market cap is $53.78 billion. EOG Resources has a 1-year low of $81.99 and a 1-year high of $109.37.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.51 billion. EOG Resources had a negative net margin of 2.88% and a negative return on equity of 0.68%. The company’s revenue for the quarter was up 47.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.38) EPS. Equities analysts forecast that EOG Resources will post $0.60 earnings per share for the current fiscal year.

EOG has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a report on Friday, May 26th. Morgan Stanley raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $97.00 to $106.00 in a report on Tuesday, September 12th. Credit Suisse Group set a $108.00 price objective on EOG Resources and gave the company a “hold” rating in a report on Friday, June 2nd. Barclays PLC reissued an “overweight” rating and set a $101.00 price objective (up previously from $94.00) on shares of EOG Resources in a report on Thursday, August 3rd. Finally, Atlantic Securities raised EOG Resources from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $98.00 to $100.00 in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and a consensus price target of $107.54.

In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the transaction, the executive vice president now owns 70,987 shares in the company, valued at $6,262,473.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

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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.

Dividend History for EOG Resources (NYSE:EOG)

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