SM Energy Company (NYSE:SM) Plans $0.22 Quarterly Dividend

SM Energy Company (NYSE:SM) announced a quarterly dividend on Monday, August 24th. Shareholders of record on Monday, September 7th will be given a dividend of 0.22 per share by the energy company on Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, September 4th.

SM Energy has raised its dividend 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 dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect SM Energy to earn $8.32 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 10.6%.

SM Energy Stock Down 1.9%

NYSE:SM opened at $36.48 on Tuesday. The company’s 50-day simple moving average is $30.34 and its 200-day simple moving average is $28.99. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. SM Energy has a fifty-two week low of $17.45 and a fifty-two week high of $38.25. The stock has a market capitalization of $8.68 billion, a P/E ratio of 7.18 and a beta of 0.73.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.96 by $0.23. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. SM Energy’s revenue was up 215.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. On average, equities analysts anticipate that SM Energy will post 7.36 earnings per share for the current fiscal year.

Insider Buying and Selling at SM Energy

In related news, EVP James Barker Lebeck sold 17,500 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $37.02, for a total value of $647,850.00. Following the transaction, the executive vice president directly owned 14,705 shares of the company’s stock, valued at $544,379.10. This represents a 54.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

Institutional Trading of SM Energy

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of SM Energy by 3.8% during the second quarter. GAMMA Investing LLC now owns 10,108 shares of the energy company’s stock worth $264,000 after purchasing an additional 371 shares during the period. Quad Cities Investment Group LLC increased its holdings in SM Energy by 2.8% in the 2nd quarter. Quad Cities Investment Group LLC now owns 13,777 shares of the energy company’s stock worth $360,000 after buying an additional 375 shares during the period. Summit Global Investments raised its position in SM Energy by 1.1% during the 4th quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock worth $868,000 after buying an additional 489 shares during the last quarter. State of Wyoming raised its position in SM Energy by 22.2% during the 4th quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock worth $51,000 after buying an additional 499 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in SM Energy by 62.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after acquiring an additional 535 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Company Profile

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.