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 business’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 completion of the sale, the director now owns 121,944 shares of the company’s stock, valued at approximately $5,217,983.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SM Energy Price Performance

NYSE SM opened at $43.74 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s fifty day moving average price is $43.25 and its 200 day moving average price is $41.50. SM Energy has a 1 year low of $25.23 and a 1 year high of $54.97. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 4.25 and a beta of 4.56.

SM Energy Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, November 7th. Investors of record on Tuesday, October 25th were given a $0.15 dividend. This represents a dividend yield of 0.7%. This is an increase from SM Energy’s previous Semi-Annual dividend of $0.01. The ex-dividend date was Monday, October 24th. SM Energy’s dividend payout ratio is presently 5.83%.

Hedge Funds Weigh In On SM Energy

Hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC increased its position in shares of SM Energy by 677.3% in the 3rd quarter. Global Retirement Partners LLC now owns 583 shares of the energy company’s stock valued at $26,000 after acquiring an additional 508 shares during the period. CWM LLC increased its position 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 in the 2nd quarter valued at $34,000. Larson Financial Group LLC acquired a new position in shares of SM Energy in the 3rd quarter valued at $38,000. Finally, Quadrant Capital Group LLC increased its position in shares of SM Energy by 1,338.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,230 shares of the energy company’s stock valued at $84,000 after acquiring an additional 2,075 shares during the period. 90.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About SM Energy

(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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