SM Energy (NYSE:SM) EVP James Barker Lebeck Sells 17,500 Shares of Stock

SM Energy Company (NYSE:SM) EVP James Barker Lebeck sold 17,500 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $37.02, for a total transaction of $647,850.00. Following the completion of the transaction, the executive vice president directly owned 14,705 shares of the company’s stock, valued at approximately $544,379.10. The trade was a 54.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SM Energy Price Performance

SM Energy stock traded down $0.72 during mid-day trading on Monday, reaching $36.48. The company had a trading volume of 3,193,532 shares, compared to its average volume of 5,248,375. The business has a fifty day simple moving average of $30.18 and a 200 day simple moving average of $28.87. The company has a market cap of $8.68 billion, a P/E ratio of 7.18 and a beta of 0.73. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $38.25. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.23. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the business earned $1.50 earnings per share. The company’s revenue for the quarter was up 215.3% compared to the same quarter last year. On average, equities research analysts predict that SM Energy Company will post 7.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on SM shares. Mizuho upgraded SM Energy to a “strong-buy” rating in a research report on Friday, July 31st. Truist Financial upped their price objective on SM Energy from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Zacks Research lowered shares of SM Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Siebert Williams Shank upgraded shares of SM Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $41.00 in a research report on Thursday, May 14th. Finally, UBS Group assumed coverage on shares of SM Energy in a report on Tuesday, July 14th. They set a “buy” rating and a $36.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, SM Energy presently has an average rating of “Moderate Buy” and an average price target of $37.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SM. NBC Securities Inc. increased its stake in shares of SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after buying an additional 830 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of SM Energy by 10,461.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock worth $26,000 after acquiring an additional 1,360 shares during the period. Torren Management LLC lifted its stake in shares of SM Energy by 4,561.1% in the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after acquiring an additional 821 shares during the period. Global Retirement Partners LLC boosted its holdings in SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after acquiring an additional 535 shares during the last quarter. Finally, Kilter Group LLC acquired a new stake in SM Energy during the 2nd quarter valued at approximately $28,000. 94.56% of the stock is owned by institutional investors and hedge funds.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.