SM Energy (NYSE:SM) CEO Purchases $25,630.00 in Stock

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

SM Energy Trading Down 5.8 %

SM Energy stock 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 stock has a market cap of $3.09 billion, a PE ratio of 2.83 and a beta of 4.42. The stock has a 50-day moving average price of $31.25 and a 200 day moving average price of $37.62. SM Energy has a 52 week low of $24.86 and a 52 week high of $54.97.

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

SM Energy Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, February 6th. Shareholders of record on Friday, January 20th were issued a $0.15 dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend was Thursday, January 19th. SM Energy’s dividend payout ratio (DPR) is 3.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SM shares. Barclays dropped their price target on SM Energy from $46.00 to $32.00 and set an “underweight” rating for the company in a research report on Wednesday, February 22nd. Roth Capital restated a “buy” rating on shares of SM Energy in a research report on Wednesday, February 22nd. Mizuho dropped their price target on SM Energy from $51.00 to $37.00 in a research report on Friday, March 10th. KeyCorp dropped their price target on SM Energy from $64.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, December 8th. Finally, Raymond James dropped their price target on SM Energy from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, January 26th. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.18.

Institutional Trading of SM Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC lifted its stake in shares of SM Energy by 2.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,948 shares of the energy company’s stock valued at $412,000 after purchasing an additional 270 shares in the last quarter. Eaton Vance Management lifted its stake in shares of SM Energy by 3.8% in the 1st quarter. Eaton Vance Management now owns 8,361 shares of the energy company’s stock valued at $326,000 after purchasing an additional 309 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its stake in shares of SM Energy by 4.5% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 7,630 shares of the energy company’s stock valued at $266,000 after purchasing an additional 326 shares in the last quarter. United Services Automobile Association lifted its stake in shares of SM Energy by 3.0% in the 3rd quarter. United Services Automobile Association now owns 13,382 shares of the energy company’s stock valued at $503,000 after purchasing an additional 388 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its stake in shares of SM Energy by 30.0% in the 4th quarter. Byrne Asset Management LLC now owns 1,690 shares of the energy company’s stock valued at $59,000 after purchasing an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 89.45% of the company’s stock.

About SM Energy

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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.

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