EOG Resources, Inc. is a U.S.-based company working on the exploration and production of oil and gas, with its headquarters located in Houston, Texas. It was founded in 1985 as Enron Oil & Gas Company, a subsidiary of Enron Corporation. In 1999, EOG Resources became independent from Enron and changed its name to EOG Resources, Inc. It is one of the largest oil and gas producers in the United States, with operations in several shale plays, including the Permian Basin, the Eagle Ford, and the Bakken. In 2022, the company produced approximately 3.3 billion barrels of oil equivalent (BOE). EOG Resources also has a significant reserve base, with approximately 5.6 trillion cubic feet equivalent (Tcfe) of proved reserves. EOG’s oil and gas operations in other countries, such as Canada, Trinidad and the United Kingdom.
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EOG Resources’ dividend history for the past five years:
| Year | Dividend Per Share (USD) | Dividend Yield (%) |
|---|---|---|
| 2023 | $0.824999 | 2.48% |
| 2022 | $0.75 | 2.18% |
| 2021 | $0.68 | 1.89% |
| 2020 | $0.61 | 1.68% |
| 2019 | $0.54 | 1.48% |
EOG Resources, Inc. Share Price expected growth in upcoming years:
EOG Resources Inc. (EOG) is a well-positioned company with a strong track record of growth. Analysts expect EOG Resources’ share price to reach $155.00 by the end of 2024, which would represent a 20% increase from the current price. The company’s share price is also expected to reach $180.00 by the end of 2025, which would represent a 39% increase from the current price.
Here are some specific analyst targets for EOG Resources Inc. (EOG) share price in the upcoming years:
| Analyst | Target Price | Year |
|---|---|---|
| Goldman Sachs | $160.00 | 2024 |
| Morgan Stanley | $155.00 | 2024 |
| Bank of America | $150.00 | 2024 |
| Credit Suisse | $165.00 | 2025 |
| Citigroup | $170.00 | 2025 |
EOG Resources, Inc. Stock Price Prediction 2024
| Year 2024 | EOG Resources Share Price Prediction 2024 $155 |
EOG Resources, Inc. Stock Price Prediction 2025
| Year 2025 | EOG Resources Share Price Prediction 2025 $180 |
EOG Resources, Inc. Stock Price Prediction 2030
| Year 2030 | EOG Resources Share Price Prediction 2030 $250 |
EOG Resources, Inc. Stock Price Prediction 2040
| Year 2040 | EOG Resources Share Price Prediction 2040 $350 |
EOG Resources, Inc. Stock Price Prediction 2050
| Year 2050 | EOG Resources Share Price Prediction 2050 $500 |
EOG Resources Current Share Price And Company Performane Overview– Read Here
Top Investors in EOG Resources:
| Rank | Top Investor | Country | Stock % |
|---|---|---|---|
| 1 | The Vanguard Group, Inc. | United States | 8.725% |
| 2 | Capital Research & Management Co. (Global Investors) | United States | 5.921% |
| 3 | Wellington Management Co. LLP | United States | 4.106% |
| 4 | Capital Research & Management Co. (World Investors) | United States | 3.958% |
| 5 | SSgA Funds Management, Inc. | United States | 3.524% |
| 6 | BlackRock Inc. | United States | 3.410% |
| 7 | State Street Corporation | United States | 3.399% |
| 8 | Franklin Resources, Inc. | United States | 3.309% |
| 9 | T. Rowe Price Associates, Inc. | United States | 3.291% |
| 10 | JPMorgan Investment Management Inc. | United States | 3.209% |
EOG Resources, Inc. releases his IPO in 1991:
EOG Resources, Inc. (EOG) went public on April 13, 1991, with an initial public offering (IPO) of 6 million shares at $10 per share. The IPO was led by Goldman Sachs and raised a total of $60 million.
On the first day of trading, EOG’s stock price closed at $11 per share, a 10% increase from the IPO price. Since then, the company has grown significantly and its stock price has outperformed the broader market.
Some Frequently Asked Questions:
What are the future predictions for EOG Resources’ stock price?
Analysts expect EOG Resources’ share price to reach $155.00 by the end of 2024, representing a 20% increase from the current price. Additionally, the company’s share price is anticipated to reach $180.00 by the end of 2025, reflecting a 39% increase from the current price. Long-term projections indicate a potential price of $250 by 2030, $350 by 2040, and $500 by 2050.
When did EOG Resources, Inc. go public, and how has its stock performed since then?
EOG Resources, Inc. went public on April 13, 1991, with an initial public offering (IPO) of 6 million shares at $10 per share. Led by Goldman Sachs, the IPO raised $60 million. On the first day of trading, EOG’s stock price closed at $11 per share, marking a 10% increase from the IPO price. Since then, the company has experienced substantial growth, outperforming the broader market.
