SM Energy Company (SM) To Go Ex-Dividend on June 8th

SM Energy Company (NYSE:SM) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 8th will be given a dividend of 0.22 per share by the energy company on Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 8th.

SM Energy has increased its dividend payment by an average of 1.2%per year over the last three years and has raised its dividend every year for the last 4 years. SM Energy has a payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SM Energy to earn $8.13 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 10.8%.

SM Energy Stock Down 5.1%

Shares of SM Energy stock opened at $32.22 on Friday. SM Energy has a one year low of $17.45 and a one year high of $35.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. The stock’s 50-day moving average is $30.73 and its 200 day moving average is $24.40. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 13.54 and a beta of 0.72.

SM Energy (NYSE:SM) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The firm’s revenue for the quarter was up 75.0% compared to the same quarter last year. Equities research analysts anticipate that SM Energy will post 7.47 EPS for the current year.

Insider Activity at SM Energy

In other news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total value of $834,310.94. Following the completion of the sale, the director directly owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of SM Energy

Several institutional investors and hedge funds have recently modified their holdings of SM. NBC Securities Inc. raised its stake in shares of SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after purchasing an additional 830 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of SM Energy by 10,461.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock worth $26,000 after purchasing an additional 1,360 shares during the last quarter. Torren Management LLC raised its stake in shares of SM Energy by 4,561.1% in the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after purchasing an additional 821 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after purchasing an additional 535 shares during the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in shares of SM Energy in the first quarter worth approximately $31,000. 94.56% of the stock is owned by hedge funds and other institutional investors.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.