Insider Buying: Santos Limited (ASX:STO) Insider Buys 29,684 Shares of Stock

Santos Limited (ASX:STO) insider John Lydon purchased 29,684 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average cost of A$6.73 ($4.29) per share, for a total transaction of A$199,773.32 ($127,244.15).

Santos Stock Performance

The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.34 and a beta of 1.12. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 41.93.

Santos Cuts Dividend

The company also recently disclosed a Final dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.162 per share. The ex-dividend date is Sunday, February 23rd. This represents a dividend yield of 2.41%. Santos’s dividend payout ratio is presently 82.14%.

About Santos

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Cooper Basin, Queensland and NSW, Papua New Guinea, Western Australia, Northern Australia and Timor-Leste. It also holds an asset in Alaska, the United States; and engages in the development of decarbonization technologies, such as carbon capture and storage technologies.