SM Energy (NYSE:SM) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its position in shares of SM Energy (NYSE:SM) by 86.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,007 shares of the energy company’s stock after purchasing an additional 2,316 shares during the quarter. Quadrant Capital Group LLC’s holdings in SM Energy were worth $158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Fifth Third Bancorp boosted its stake in SM Energy by 154.5% in the second quarter. Fifth Third Bancorp now owns 840 shares of the energy company’s stock valued at $27,000 after acquiring an additional 510 shares during the period. First Horizon Advisors Inc. acquired a new position in SM Energy during the 1st quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in SM Energy by 114.3% during the 2nd quarter. UMB Bank n.a. now owns 1,018 shares of the energy company’s stock worth $32,000 after buying an additional 543 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in SM Energy by 327.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,535 shares of the energy company’s stock worth $49,000 after buying an additional 1,176 shares during the period. Finally, Signaturefd LLC increased its position in SM Energy by 107.3% in the first quarter. Signaturefd LLC now owns 1,851 shares of the energy company’s stock worth $52,000 after buying an additional 958 shares during the period. 91.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SM Energy news, Director Rose M. Robeson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $39.65, for a total value of $1,189,500.00. Following the completion of the sale, the director now owns 39,531 shares in the company, valued at approximately $1,567,404.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Rose M. Robeson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $39.65, for a total value of $1,189,500.00. Following the completion of the sale, the director now owns 39,531 shares of the company’s stock, valued at approximately $1,567,404.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ramiro G. Peru sold 15,670 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $41.14, for a total transaction of $644,663.80. Following the completion of the sale, the director now directly owns 73,685 shares of the company’s stock, valued at $3,031,400.90. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SM. Mizuho upped their price target on shares of SM Energy from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Susquehanna raised their price target on shares of SM Energy from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, October 18th. StockNews.com began coverage on SM Energy in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Wells Fargo & Company initiated coverage on shares of SM Energy in a report on Wednesday, November 15th. They issued an “equal weight” rating and a $40.00 price objective for the company. Finally, JPMorgan Chase & Co. raised shares of SM Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $45.00 to $47.00 in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SM Energy presently has a consensus rating of “Hold” and a consensus price target of $41.91.

SM Energy Stock Up 0.3 %

SM stock opened at $38.02 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $4.42 billion, a P/E ratio of 5.56 and a beta of 4.33. SM Energy has a 52-week low of $24.66 and a 52-week high of $44.72. The company’s 50 day simple moving average is $39.40 and its 200-day simple moving average is $35.44.

SM Energy Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, November 6th. Stockholders of record on Tuesday, October 24th were given a $0.15 dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Monday, October 23rd. SM Energy’s dividend payout ratio (DPR) is 8.77%.

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 also has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.