SM Energy Co. (SM) SVP Sells $26,440.00 in Stock
SM Energy Co. (NYSE:SM) SVP Kenneth J. Knott sold 661 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $40.00, for a total value of $26,440.00. Following the transaction, the senior vice president now directly owns 43,417 shares of the company’s stock, valued at $1,736,680. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
SM Energy Co. (NYSE:SM) opened at 40.12 on Friday. The stock’s market capitalization is $2.75 billion. The company has a 50-day moving average of $36.72 and a 200-day moving average of $29.66. SM Energy Co. has a 1-year low of $6.99 and a 1-year high of $42.23.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.71) by $0.27. The business had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $328.18 million. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The business’s revenue was down 33.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. Analysts anticipate that SM Energy Co. will post ($2.38) earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Friday, October 21st will be issued a dividend of $0.05 per share. This represents a dividend yield of 0.29%. The ex-dividend date is Wednesday, October 19th. SM Energy’s payout ratio is -0.80%.
Several large investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA boosted its stake in SM Energy by 90.3% in the first quarter. Glenmede Trust Co. NA now owns 23,510 shares of the energy company’s stock worth $438,000 after buying an additional 11,157 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in SM Energy by 4.7% in the first quarter. Commonwealth Equity Services Inc now owns 18,171 shares of the energy company’s stock worth $341,000 after buying an additional 819 shares during the last quarter. Virginia Retirement System purchased a new stake in SM Energy during the first quarter worth approximately $690,000. TIAA CREF Investment Management LLC boosted its stake in SM Energy by 56.3% in the first quarter. TIAA CREF Investment Management LLC now owns 304,932 shares of the energy company’s stock worth $5,714,000 after buying an additional 109,812 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its stake in SM Energy by 50.6% in the first quarter. Teachers Advisors Inc. now owns 127,246 shares of the energy company’s stock worth $2,385,000 after buying an additional 42,748 shares during the last quarter. Hedge funds and other institutional investors own 82.89% of the company’s stock.
SM has been the subject of a number of recent analyst reports. Citigroup Inc. upgraded SM Energy to a “neutral” rating and increased their price target for the stock from $16.00 to $36.00 in a report on Monday, August 22nd. Simmons upgraded SM Energy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $50.00 in a report on Monday, August 15th. Zacks Investment Research downgraded SM Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Cantor Fitzgerald reiterated a “hold” rating and set a $24.00 price target on shares of SM Energy in a report on Wednesday, July 6th. Finally, Williams Capital initiated coverage on SM Energy in a report on Monday, August 29th. They set a “buy” rating and a $57.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.52.
About SM Energy
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.
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