Moody National Bank Trust Division Takes Position in SM Energy (NYSE:SM)

Moody National Bank Trust Division purchased a new stake in shares of SM Energy (NYSE:SMGet Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 15,079 shares of the energy company’s stock, valued at approximately $516,000.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of SM Energy by 1.7% during the 1st quarter. BlackRock Inc. now owns 19,579,955 shares of the energy company’s stock valued at $762,639,000 after buying an additional 331,004 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of SM Energy by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 14,038,853 shares of the energy company’s stock valued at $546,814,000 after acquiring an additional 226,919 shares in the last quarter. State Street Corp raised its stake in shares of SM Energy by 13.7% in the 1st quarter. State Street Corp now owns 7,002,705 shares of the energy company’s stock valued at $272,755,000 after acquiring an additional 842,589 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SM Energy by 8.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,897,988 shares of the energy company’s stock valued at $151,837,000 after acquiring an additional 293,299 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of SM Energy by 35.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,249,967 shares of the energy company’s stock valued at $126,586,000 after acquiring an additional 849,019 shares in the last quarter. 90.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on SM. MKM Partners reissued a “buy” rating and issued a $54.00 price objective on shares of SM Energy in a research note on Wednesday, July 20th. Barclays raised their price objective on SM Energy from $40.00 to $55.00 and gave the company an “underweight” rating in a research note on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.67.

SM Energy Stock Performance

Shares of NYSE SM opened at $43.30 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $40.34 and its two-hundred day moving average is $40.06. The company has a market cap of $5.31 billion, a P/E ratio of 6.09 and a beta of 4.84. SM Energy has a 12 month low of $20.83 and a 12 month high of $54.97.

SM Energy Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, November 7th. Shareholders of record on Tuesday, October 25th will be given a $0.15 dividend. This is an increase from SM Energy’s previous Semi-Annual dividend of $0.01. This represents a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 24th. SM Energy’s payout ratio is currently 0.28%.

Insiders Place Their Bets

In other news, EVP David W. Copeland sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $46.23, for a total transaction of $462,300.00. Following the sale, the executive vice president now directly owns 228,543 shares in the company, valued at $10,565,542.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP David W. Copeland sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $46.23, for a total transaction of $462,300.00. Following the sale, the executive vice president now directly owns 228,543 shares in the company, valued at $10,565,542.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Patrick A. Lytle sold 8,658 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $45.61, for a total value of $394,891.38. Following the sale, the chief accounting officer now owns 12,463 shares in the company, valued at $568,437.43. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

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

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