SM Energy (NYSE:SM) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its stake in shares of SM Energy (NYSE:SM - Free Report) by 40.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,569 shares of the energy company's stock after selling 9,347 shares during the period. Atria Investments Inc's holdings in SM Energy were worth $526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SM. Janney Montgomery Scott LLC grew its holdings in SM Energy by 144.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company's stock valued at $894,000 after buying an additional 13,215 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of SM Energy by 1.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 42,249 shares of the energy company's stock valued at $1,689,000 after acquiring an additional 752 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of SM Energy by 30.4% in the third quarter. Victory Capital Management Inc. now owns 102,324 shares of the energy company's stock valued at $4,090,000 after purchasing an additional 23,831 shares in the last quarter. Plato Investment Management Ltd grew its holdings in shares of SM Energy by 554.7% in the third quarter. Plato Investment Management Ltd now owns 3,863 shares of the energy company's stock valued at $154,000 after purchasing an additional 3,273 shares in the last quarter. Finally, KBC Group NV increased its position in SM Energy by 16.7% in the third quarter. KBC Group NV now owns 3,321 shares of the energy company's stock worth $133,000 after purchasing an additional 476 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors.

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SM Energy Stock Up 2.9 %

NYSE:SM traded up $0.88 during mid-day trading on Wednesday, reaching $31.18. The company's stock had a trading volume of 2,113,801 shares, compared to its average volume of 1,671,285. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. SM Energy has a 1 year low of $26.66 and a 1 year high of $53.26. The stock has a fifty day moving average of $36.73 and a 200-day moving average of $40.00. The firm has a market capitalization of $3.57 billion, a PE ratio of 4.67 and a beta of 4.14.

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

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were issued a $0.20 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.57%. SM Energy's dividend payout ratio is presently 11.98%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SM shares. Williams Trading set a $41.00 price objective on shares of SM Energy in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Mizuho dropped their target price on SM Energy from $57.00 to $55.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Stephens restated an "overweight" rating and set a $57.00 price target on shares of SM Energy in a report on Thursday, January 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of SM Energy from $47.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.

Insider Transactions at SM Energy

In other news, Director Barton R. Brookman, Jr. acquired 7,000 shares of SM Energy stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the purchase, the director now directly owns 14,666 shares in the company, valued at $474,591.76. The trade was a 91.31 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company's stock.

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.