EOG Resources Inc (NYSE:EOG) – Stock analysts at SunTrust Banks dropped their FY2019 EPS estimates for shares of EOG Resources in a note issued to investors on Wednesday, June 12th. SunTrust Banks analyst N. Dingmann now expects that the energy exploration company will post earnings of $5.41 per share for the year, down from their previous estimate of $5.43. SunTrust Banks currently has a “Buy” rating and a $120.00 price target on the stock. SunTrust Banks also issued estimates for EOG Resources’ FY2020 earnings at $6.64 EPS.
EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.16. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.92 billion. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. EOG Resources’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.
NYSE:EOG opened at $85.17 on Friday. The company has a market capitalization of $50.19 billion, a P/E ratio of 15.37, a PEG ratio of 1.06 and a beta of 1.29. EOG Resources has a 1-year low of $80.41 and a 1-year high of $133.53. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc grew its stake in EOG Resources by 0.6% in the third quarter. Vanguard Group Inc now owns 43,778,579 shares of the energy exploration company’s stock worth $5,584,833,000 after purchasing an additional 268,736 shares during the period. BB&T Securities LLC grew its stake in EOG Resources by 6.0% in the fourth quarter. BB&T Securities LLC now owns 10,154 shares of the energy exploration company’s stock worth $885,000 after purchasing an additional 579 shares during the period. ClariVest Asset Management LLC grew its stake in EOG Resources by 9.2% in the fourth quarter. ClariVest Asset Management LLC now owns 1,741 shares of the energy exploration company’s stock worth $152,000 after purchasing an additional 147 shares during the period. Parallel Advisors LLC grew its stake in EOG Resources by 19.6% in the fourth quarter. Parallel Advisors LLC now owns 2,231 shares of the energy exploration company’s stock worth $194,000 after purchasing an additional 365 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in EOG Resources by 8,562.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,498,242 shares of the energy exploration company’s stock worth $63,000 after purchasing an additional 5,434,773 shares during the period. 86.80% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This is a boost from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 annualized dividend and a dividend yield of 1.35%. EOG Resources’s payout ratio is 15.88%.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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