Herbert S. Vogel Acquires 1,000 Shares of SM Energy (NYSE:SM) Stock

SM Energy (NYSE:SM – Get Rating) CEO Herbert S. Vogel bought 1,000 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was bought at an average cost of $25.63 per share, with a total value of $25,630.00. Following the completion of the acquisition, the chief executive officer now owns 406,063 shares of the company’s stock, valued at approximately $10,407,394.69. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

SM Energy Stock Performance

NYSE SM opened at $25.32 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.09 billion, a PE ratio of 2.83 and a beta of 4.42. The business’s 50-day moving average price is $31.34 and its 200 day moving average price is $37.77. SM Energy has a twelve month low of $24.86 and a twelve month high of $54.97.

SM Energy (NYSE:SM – Get Rating) last released its earnings results on Wednesday, February 22nd. The energy company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.08. SM Energy had a net margin of 33.11% and a return on equity of 34.40%. The business had revenue of $671.32 million for the quarter, compared to analysts’ expectations of $614.72 million. During the same period last year, the company earned $1.14 earnings per share. The company’s quarterly revenue was down 21.5% on a year-over-year basis. On average, research analysts predict that SM Energy will post 6.03 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, February 6th. Stockholders of record on Friday, January 20th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, January 19th. This represents a dividend yield of 0.9%. SM Energy’s payout ratio is 3.35%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Global Retirement Partners LLC raised its holdings in SM Energy by 677.3% in the third quarter. Global Retirement Partners LLC now owns 583 shares of the energy company’s stock valued at $26,000 after buying an additional 508 shares during the period. Signaturefd LLC increased its position in shares of SM Energy by 173.1% in the fourth quarter. Signaturefd LLC now owns 893 shares of the energy company’s stock worth $31,000 after acquiring an additional 566 shares in the last quarter. CWM LLC raised its stake in shares of SM Energy by 99.3% in the 3rd quarter. CWM LLC now owns 867 shares of the energy company’s stock valued at $33,000 after acquiring an additional 432 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of SM Energy during the 2nd quarter valued at $34,000. Finally, Larson Financial Group LLC purchased a new stake in SM Energy during the 3rd quarter worth $38,000. 89.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SM has been the topic of a number of research reports. KeyCorp lowered their price target on SM Energy from $64.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, December 8th. Cowen lowered SM Energy from an “outperform” rating to a “market perform” rating and set a $35.00 target price on the stock. in a report on Wednesday, March 1st. Raymond James cut their price target on SM Energy from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, January 26th. Susquehanna lowered their price objective on shares of SM Energy from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, February 27th. Finally, Barclays cut their target price on shares of SM Energy from $46.00 to $32.00 and set an “underweight” rating for the company in a research report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, SM Energy has an average rating of “Hold” and an average target price of $42.18.

SM Energy Company Profile

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SM Energy Co is an independent energy company, which engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids. The company was founded in 1908 and is headquartered in Denver, CO.