SM Energy Company $SM Shares Sold by Abel Hall LLC

Abel Hall LLC reduced its stake in shares of SM Energy Company (NYSE:SM - Free Report) by 66.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,078 shares of the energy company's stock after selling 25,916 shares during the period. Abel Hall LLC's holdings in SM Energy were worth $442,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SM. Torren Management LLC raised its holdings in shares of SM Energy by 4,561.1% during the 1st quarter. Torren Management LLC now owns 839 shares of the energy company's stock valued at $26,000 after buying an additional 821 shares in the last quarter. Kilter Group LLC bought a new stake in SM Energy in the 2nd quarter worth approximately $28,000. Center for Financial Planning Inc. bought a new stake in SM Energy in the 1st quarter worth approximately $31,000. Valued Wealth Advisors LLC purchased a new stake in SM Energy in the first quarter worth approximately $33,000. Finally, CoreCap Advisors LLC boosted its stake in SM Energy by 211.2% in the third quarter. CoreCap Advisors LLC now owns 974 shares of the energy company's stock worth $33,000 after buying an additional 661 shares in the last quarter. 94.56% of the stock is owned by institutional investors.

SM Energy Stock Down 1.6%

NYSE SM opened at $38.85 on Tuesday. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $41.56. The stock has a market capitalization of $9.24 billion, a PE ratio of 7.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62. The business's 50-day moving average is $36.30 and its 200 day moving average is $32.24.

SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.23. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%. SM Energy's quarterly revenue was up 215.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 EPS. Sell-side analysts forecast that SM Energy Company will post 7.85 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, September 4th. SM Energy's dividend payout ratio (DPR) is currently 17.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SM shares. UBS Group upped their price objective on shares of SM Energy from $36.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, September 14th. Scotiabank began coverage on shares of SM Energy in a research report on Wednesday, October 14th. They issued a "sector perform" rating and a $39.00 target price on the stock. Seaport Research Partners assumed coverage on shares of SM Energy in a research note on Thursday, September 3rd. They issued a "sell" rating and a $35.00 price target for the company. Weiss Ratings raised shares of SM Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of SM Energy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, SM Energy has a consensus rating of "Moderate Buy" and a consensus price target of $39.76.

Insider Buying and Selling

In other news, Director Ashwin Venkatraman sold 3,650 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $38.28, for a total transaction of $139,722.00. Following the transaction, the director directly owned 12,525 shares of the company's stock, valued at approximately $479,457. The trade was a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Barker Lebeck sold 17,500 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $37.02, for a total value of $647,850.00. Following the transaction, the executive vice president directly owned 14,705 shares in the company, valued at $544,379.10. This trade represents a 54.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.45% of the stock is currently owned by company insiders.

SM Energy Profile

SM Energy Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its activities include acquiring prospective acreage, drilling and completing wells, and managing producing properties in U.S. onshore oil and gas basins.

The company's operations are primarily concentrated in Texas, including the Midland Basin in West Texas and the Eagle Ford shale region in South Texas. SM Energy focuses on development of unconventional resources and uses horizontal drilling and hydraulic fracturing technologies to produce hydrocarbons from shale and other tight-rock formations.

Founded in 1908 as St.

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