SM Energy (NYSE:SM) Shares Sold by abrdn plc

abrdn plc trimmed its stake in SM Energy (NYSE:SM - Free Report) by 18.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 382,111 shares of the energy company's stock after selling 84,441 shares during the period. abrdn plc owned approximately 0.33% of SM Energy worth $14,879,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. CWM LLC lifted its holdings in SM Energy by 11.4% during the 3rd quarter. CWM LLC now owns 2,853 shares of the energy company's stock valued at $114,000 after buying an additional 293 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of SM Energy by 7.0% during the third quarter. Sequoia Financial Advisors LLC now owns 5,843 shares of the energy company's stock valued at $234,000 after acquiring an additional 380 shares in the last quarter. KBC Group NV raised its stake in shares of SM Energy by 16.7% during the third quarter. KBC Group NV now owns 3,321 shares of the energy company's stock valued at $133,000 after acquiring an additional 476 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of SM Energy by 7.7% in the third quarter. GAMMA Investing LLC now owns 7,062 shares of the energy company's stock valued at $282,000 after purchasing an additional 505 shares during the period. Finally, QRG Capital Management Inc. grew its stake in SM Energy by 9.6% in the third quarter. QRG Capital Management Inc. now owns 6,746 shares of the energy company's stock worth $270,000 after purchasing an additional 590 shares in the last quarter. Institutional investors own 94.56% of the company's stock.

SM Energy Trading Up 3.0 %

SM stock traded up $1.18 during midday trading on Tuesday, hitting $40.59. 1,634,813 shares of the company's stock were exchanged, compared to its average volume of 1,441,226. SM Energy has a 1-year low of $36.13 and a 1-year high of $53.26. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.64 billion, a PE ratio of 5.67 and a beta of 4.11. The business has a 50-day simple moving average of $40.11 and a two-hundred day simple moving average of $42.06.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy's dividend payout ratio is currently 11.17%.

Wall Street Analyst Weigh In

SM has been the subject of several recent research reports. JPMorgan Chase & Co. restated a "neutral" rating and issued a $53.00 price target (up previously from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. TD Cowen raised SM Energy from a "hold" rating to a "buy" rating and dropped their price objective for the company from $64.00 to $60.00 in a research report on Tuesday, October 15th. Mizuho lowered their price target on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Wells Fargo & Company decreased their target price on shares of SM Energy from $47.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 17th. Finally, Stephens reaffirmed an "overweight" rating and issued a $57.00 price target on shares of SM Energy in a report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, SM Energy has an average rating of "Moderate Buy" and an average price target of $51.90.

SM Energy Profile

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.