SG Americas Securities LLC Sells 46,346 Shares of SM Energy (NYSE:SM)

SG Americas Securities LLC reduced its position in shares of SM Energy (NYSE:SMGet Rating) by 69.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,740 shares of the energy company’s stock after selling 46,346 shares during the quarter. SG Americas Securities LLC’s holdings in SM Energy were worth $808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SM. Allspring Global Investments Holdings LLC bought a new stake in SM Energy during the 4th quarter valued at $2,352,000. State of New Jersey Common Pension Fund D bought a new position in SM Energy in the 4th quarter worth $2,742,000. Yousif Capital Management LLC bought a new position in SM Energy in the 4th quarter worth $3,315,000. Qube Research & Technologies Ltd raised its holdings in SM Energy by 545.4% in the 4th quarter. Qube Research & Technologies Ltd now owns 90,918 shares of the energy company’s stock worth $2,680,000 after purchasing an additional 76,831 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in SM Energy by 829.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 805,748 shares of the energy company’s stock worth $23,753,000 after purchasing an additional 719,026 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.

SM Energy Stock Performance

Shares of SM stock opened at $39.74 on Tuesday. SM Energy has a one year low of $14.79 and a one year high of $54.97. The company’s 50-day moving average is $40.30 and its 200 day moving average is $38.15. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 15.70 and a beta of 4.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.72 and a current ratio of 0.72.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays upped their price objective on shares of SM Energy from $40.00 to $55.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Raymond James restated a “maintains” rating on shares of SM Energy in a report on Tuesday, July 26th. MKM Partners restated a “buy” rating and issued a $54.00 price objective on shares of SM Energy in a report on Wednesday, July 20th. Finally, KeyCorp upped their target price on shares of SM Energy from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, SM Energy presently has an average rating of “Moderate Buy” and an average target price of $50.67.

Insider Activity at SM Energy

In related news, EVP David W. Copeland sold 5,000 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $51.23, for a total transaction of $256,150.00. Following the sale, the executive vice president now directly owns 188,722 shares of the company’s stock, valued at approximately $9,668,228.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP David W. Copeland sold 20,000 shares of the stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $43.00, for a total transaction of $860,000.00. Following the sale, the executive vice president now directly owns 213,722 shares of the company’s stock, valued at approximately $9,190,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David W. Copeland sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $51.23, for a total transaction of $256,150.00. Following the sale, the executive vice president now directly owns 188,722 shares in the company, valued at approximately $9,668,228.06. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

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.

Featured Articles

Institutional Ownership by Quarter for SM Energy (NYSE:SM)

Want More Great Investing Ideas?

Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter.