Insider Buying: SM Energy Company (SM) EVP Purchases 3,000 Shares of Stock

SM Energy Company (NYSE:SM) EVP Herbert S. Vogel bought 3,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was acquired at an average cost of $16.60 per share, for a total transaction of $49,800.00. Following the completion of the acquisition, the executive vice president now directly owns 32,637 shares in the company, valued at $541,774.20. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of SM Energy Company (NYSE SM) traded up 0.45% during midday trading on Monday, reaching $15.67. The company’s stock had a trading volume of 3,336,071 shares. The stock has a 50-day moving average of $19.57 and a 200 day moving average of $26.41. The company’s market cap is $1.74 billion. SM Energy Company has a 12 month low of $15.29 and a 12 month high of $43.09.

SM Energy Company (NYSE:SM) last issued its quarterly earnings results on Tuesday, May 2nd. The energy company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.36) by $0.54. SM Energy Company had a negative return on equity of 3.28% and a negative net margin of 23.23%. The firm had revenue of $372.74 million during the quarter, compared to analysts’ expectations of $309.43 million. On average, analysts predict that SM Energy Company will post ($0.81) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for SM Energy Company (NYSE:SM)

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A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC raised its position in shares of SM Energy Company by 1.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 16,873 shares of the energy company’s stock worth $405,000 after buying an additional 265 shares during the period. Arizona State Retirement System raised its position in shares of SM Energy Company by 0.9% in the first quarter. Arizona State Retirement System now owns 40,700 shares of the energy company’s stock worth $978,000 after buying an additional 371 shares during the period. US Bancorp DE raised its position in shares of SM Energy Company by 0.6% in the first quarter. US Bancorp DE now owns 79,243 shares of the energy company’s stock worth $1,904,000 after buying an additional 449 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of SM Energy Company by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,885 shares of the energy company’s stock worth $814,000 after buying an additional 500 shares during the period. Finally, Amalgamated Bank raised its position in shares of SM Energy Company by 3.9% in the first quarter. Amalgamated Bank now owns 14,521 shares of the energy company’s stock worth $349,000 after buying an additional 549 shares during the period. Hedge funds and other institutional investors own 97.81% of the company’s stock.

Several brokerages have issued reports on SM. Royal Bank Of Canada set a $41.00 price objective on shares of SM Energy Company and gave the company a “hold” rating in a research note on Friday, February 24th. Williams Capital set a $40.00 target price on shares of SM Energy Company and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Barclays PLC reiterated an “overweight” rating and issued a $30.00 price objective (down from $38.00) on shares of SM Energy Company in a research report on Saturday, April 22nd. Deutsche Bank AG decreased their price objective on shares of SM Energy Company from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, March 7th. Finally, Scotiabank restated an “outperform” rating and issued a $5.25 target price on shares of SM Energy Company in a report on Thursday, May 4th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. SM Energy Company presently has an average rating of “Buy” and a consensus target price of $39.42.

About SM Energy Company

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.

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