Julio M. Quintana Sells 22,300 Shares of SM Energy (NYSE:SM) Stock

SM Energy (NYSE:SMGet Rating) Director Julio M. Quintana sold 22,300 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $42.79, for a total value of $954,217.00. Following the transaction, the director now directly owns 121,944 shares of the company’s stock, valued at approximately $5,217,983.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

SM Energy Stock Down 2.0 %

SM stock opened at $43.74 on Thursday. SM Energy has a twelve month low of $25.23 and a twelve month high of $54.97. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. The firm has a market cap of $5.37 billion, a PE ratio of 4.25 and a beta of 4.56. The business has a 50 day moving average of $43.25 and a 200 day moving average of $41.50.

SM Energy Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, November 7th. Investors of record on Tuesday, October 25th were given a dividend of $0.15 per share. This represents a yield of 0.7%. The ex-dividend date was Monday, October 24th. This is a positive change from SM Energy’s previous Semi-Annual dividend of $0.01. SM Energy’s dividend payout ratio (DPR) is 5.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its position in SM Energy by 677.3% during the 3rd 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 in the last quarter. CWM LLC increased its position in SM Energy by 99.3% during the 3rd quarter. CWM LLC now owns 867 shares of the energy company’s stock valued at $33,000 after buying an additional 432 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in SM Energy during the 2nd quarter valued at approximately $34,000. Larson Financial Group LLC bought a new position in SM Energy during the 3rd quarter valued at approximately $38,000. Finally, Quadrant Capital Group LLC increased its position in SM Energy by 1,338.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,230 shares of the energy company’s stock valued at $84,000 after buying an additional 2,075 shares in the last quarter. Institutional investors own 90.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SM. KeyCorp started coverage on SM Energy in a research report on Monday, September 19th. They set an “overweight” rating and a $64.00 price target for the company. Royal Bank of Canada increased their target price on SM Energy from $53.00 to $55.00 and gave the stock a “sector perform” rating in a research report on Monday, November 14th. Barclays decreased their target price on SM Energy from $51.00 to $46.00 and set an “underweight” rating for the company in a research report on Wednesday, October 19th. Finally, StockNews.com lowered SM Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.44.

SM Energy Company Profile

(Get Rating)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.

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