Intrust Bank NA Invests $396,000 in SM Energy (NYSE:SM)

Intrust Bank NA purchased a new stake in SM Energy (NYSE:SM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,229 shares of the energy company's stock, valued at approximately $396,000.

Several other large investors also recently bought and sold shares of the stock. Millburn Ridgefield Corp purchased a new stake in SM Energy during the 3rd quarter worth about $55,000. R Squared Ltd acquired a new position in shares of SM Energy in the 4th quarter valued at approximately $61,000. Legacy Investment Solutions LLC bought a new position in SM Energy during the 3rd quarter worth approximately $83,000. Global Retirement Partners LLC boosted its stake in SM Energy by 51.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock valued at $84,000 after acquiring an additional 736 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of SM Energy by 517.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock valued at $159,000 after acquiring an additional 3,470 shares during the period. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Stock Down 12.1 %

Shares of NYSE:SM traded down $3.08 during trading on Friday, hitting $22.25. 4,580,824 shares of the company's stock traded hands, compared to its average volume of 1,817,925. The company has a 50-day moving average price of $33.28 and a 200-day moving average price of $39.00. SM Energy has a 52 week low of $21.14 and a 52 week high of $53.26. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 3.33 and a beta of 3.75.

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SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($0.09). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The firm had revenue of $852.22 million during the quarter, compared to the consensus estimate of $849.44 million. As a group, research analysts forecast that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 18th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.80 dividend on an annualized basis and a yield of 3.60%. SM Energy's payout ratio is 11.98%.

Insider Activity

In other news, Director Barton R. Brookman, Jr. purchased 7,000 shares of SM Energy stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the purchase, the director now directly owns 14,666 shares of the company's stock, valued at $474,591.76. This trade represents a 91.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SM shares. Stephens reaffirmed an "overweight" rating and set a $57.00 target price on shares of SM Energy in a research report on Thursday, January 2nd. Mizuho dropped their price objective on SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company decreased their price target on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Truist Financial lifted their target price on SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Williams Trading set a $41.00 target price on SM Energy in a research note on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $48.00.

SM Energy Company 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.