SM Energy (NYSE:SM) Shares Sold by American Trust

American Trust lessened its stake in shares of SM Energy (NYSE:SM) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,436 shares of the energy company’s stock after selling 607 shares during the quarter. American Trust’s holdings in SM Energy were worth $470,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in shares of SM Energy during the first quarter worth $25,000. Hexagon Capital Partners LLC boosted its holdings in shares of SM Energy by 509.7% during the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock worth $28,000 after purchasing an additional 474 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of SM Energy by 54.9% during the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after purchasing an additional 206 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of SM Energy by 665.6% during the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock worth $34,000 after purchasing an additional 599 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of SM Energy by 66.8% during the first quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock worth $41,000 after purchasing an additional 332 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analysts Set New Price Targets

SM has been the topic of several research reports. Wells Fargo & Company cut their price objective on SM Energy from $51.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. KeyCorp lifted their target price on SM Energy from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Truist Financial dropped their target price on SM Energy from $49.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. StockNews.com lowered SM Energy from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Susquehanna lifted their target price on SM Energy from $42.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, SM Energy has a consensus rating of “Moderate Buy” and an average target price of $54.44.

Insider Activity

In other news, SVP Kenneth J. Knott sold 16,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $50.28, for a total transaction of $804,480.00. Following the completion of the transaction, the senior vice president now owns 114,495 shares of the company’s stock, valued at $5,756,808.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

SM Energy Trading Down 7.3 %

NYSE SM traded down $3.23 on Friday, hitting $40.90. 2,567,790 shares of the stock were exchanged, compared to its average volume of 1,701,136. SM Energy has a 52-week low of $34.13 and a 52-week high of $53.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 6.41 and a beta of 4.20. The company’s 50-day moving average price is $46.36 and its two-hundred day moving average price is $45.60.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. The firm had revenue of $559.87 million during the quarter, compared to analysts’ expectations of $568.21 million. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. Research analysts predict that SM Energy will post 7.09 EPS for the current year.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, July 19th. SM Energy’s dividend payout ratio is currently 11.29%.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.