EOG Resources, Inc. (NYSE:EOG – Get Rating) – Research analysts at KeyCorp boosted their FY2023 earnings per share estimates for shares of EOG Resources in a research note issued to investors on Sunday, May 7th. KeyCorp analyst T. Rezvan now anticipates that the energy exploration company will earn $10.82 per share for the year, up from their previous estimate of $10.76. The consensus estimate for EOG Resources’ current full-year earnings is $11.76 per share.
EOG Resources (NYSE:EOG – Get Rating) last posted its quarterly earnings results on Friday, May 5th. The energy exploration company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.27. EOG Resources had a net margin of 33.83% and a return on equity of 30.34%. The business had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the firm earned $4.00 earnings per share. The firm’s revenue was up 51.7% compared to the same quarter last year.
EOG Resources Trading Down 1.4 %
Shares of NYSE:EOG opened at $112.16 on Wednesday. The firm has a fifty day moving average of $114.78 and a two-hundred day moving average of $125.57. The company has a quick ratio of 1.90, a current ratio of 2.17 and a debt-to-equity ratio of 0.15. EOG Resources has a 12-month low of $92.16 and a 12-month high of $150.88. The firm has a market capitalization of $65.60 billion, a P/E ratio of 7.01, a price-to-earnings-growth ratio of 0.34 and a beta of 1.53.
EOG Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, July 14th. EOG Resources’s dividend payout ratio (DPR) is presently 20.64%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of EOG Resources by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 53,571,626 shares of the energy exploration company’s stock worth $5,985,558,000 after buying an additional 584,133 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of EOG Resources by 10.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,826,112 shares of the energy exploration company’s stock valued at $1,661,238,000 after acquiring an additional 1,222,209 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of EOG Resources by 12.9% in the 4th quarter. Geode Capital Management LLC now owns 11,551,976 shares of the energy exploration company’s stock worth $1,493,398,000 after acquiring an additional 1,321,754 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in EOG Resources by 3.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,190,712 shares of the energy exploration company’s stock worth $915,149,000 after acquiring an additional 245,996 shares during the last quarter. Finally, Tejara Capital Ltd acquired a new stake in EOG Resources during the 4th quarter valued at $106,000. Institutional investors and hedge funds own 87.40% of the company’s stock.
About EOG Resources
EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.
- Get a free copy of the StockNews.com research report on EOG Resources (EOG)
- Occidental Petroleum: Will Buffet Buy More?
- 5 Best Healthcare Sector ETFs
- Electronic Arts Has Game But Can Share Price Move Higher?
- Wendy’s May Have Just Become A Value Play
- Rivian Leads EV Startups But Will The Stock Move Higher?
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.