SM Energy Company (NYSE:SM) Declares Quarterly Dividend of $0.22

SM Energy Company (NYSE:SM) declared a quarterly dividend on Tuesday, May 26th. Shareholders of record on Monday, June 8th will be paid a dividend of 0.22 per share by the energy company on Monday, June 22nd. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, June 8th.

SM Energy has raised its dividend by an average of 1.2%annually over the last three years and has increased its dividend every year for the last 4 years. SM Energy has a payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect SM Energy to earn $8.04 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 10.9%.

SM Energy Stock Performance

NYSE:SM opened at $30.85 on Wednesday. The firm has a market capitalization of $7.40 billion, a PE ratio of 13.04 and a beta of 0.73. SM Energy has a 1 year low of $17.45 and a 1 year high of $35.88. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The firm’s fifty day simple moving average is $30.15 and its 200 day simple moving average is $23.66.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $1.76 earnings per share. The business’s quarterly revenue was up 75.0% compared to the same quarter last year. On average, sell-side analysts anticipate that SM Energy will post 7.47 EPS for the current year.

Insider Buying and Selling

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On SM Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in SM Energy by 79.5% during the first quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock worth $311,678,000 after buying an additional 4,426,751 shares in the last quarter. Millennium Management LLC increased its position in SM Energy by 205.1% during the 4th quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock worth $53,028,000 after purchasing an additional 1,906,255 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in SM Energy by 268.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,271,757 shares of the energy company’s stock valued at $42,482,000 after buying an additional 1,654,891 shares in the last quarter. Woodline Partners LP grew its stake in shares of SM Energy by 198.9% during the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after buying an additional 1,616,822 shares during the last quarter. Finally, Sagefield Capital LP acquired a new position in shares of SM Energy during the fourth quarter worth $20,275,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

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.