SM Energy (NYSE:SM) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its position in SM Energy (NYSE:SM) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,263 shares of the energy company’s stock after selling 1,573 shares during the period. American International Group Inc. owned approximately 0.06% of SM Energy worth $2,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in shares of SM Energy in the 4th quarter worth approximately $2,992,000. Miller Howard Investments Inc. NY bought a new position in shares of SM Energy in the fourth quarter valued at $3,373,000. Tributary Capital Management LLC lifted its position in shares of SM Energy by 27.3% during the 4th quarter. Tributary Capital Management LLC now owns 574,120 shares of the energy company’s stock valued at $22,230,000 after acquiring an additional 123,126 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of SM Energy by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,593,103 shares of the energy company’s stock worth $61,685,000 after acquiring an additional 64,781 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of SM Energy by 11.9% during the fourth quarter. Rafferty Asset Management LLC now owns 198,380 shares of the energy company’s stock worth $7,681,000 after purchasing an additional 21,102 shares during the period. 94.56% of the stock is owned by institutional investors.

Insider Activity at SM Energy

In other SM Energy news, SVP Kenneth J. Knott sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $50.28, for a total value of $804,480.00. Following the completion of the sale, the senior vice president now directly owns 114,495 shares of the company’s stock, valued at $5,756,808.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Mizuho increased their price target on SM Energy from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, May 13th. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Wells Fargo & Company upped their price target on shares of SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, April 18th. Susquehanna lifted their price objective on shares of SM Energy from $42.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. increased their target price on SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.63.

SM Energy Trading Up 3.6 %

NYSE SM opened at $49.84 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. SM Energy has a 1-year low of $29.15 and a 1-year high of $53.26. The firm’s fifty day simple moving average is $48.75 and its 200-day simple moving average is $44.15. The company has a market capitalization of $5.73 billion, a PE ratio of 7.81 and a beta of 4.15.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.13. The company had revenue of $559.87 million for the quarter, compared to analyst estimates of $568.21 million. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. As a group, sell-side analysts anticipate that SM Energy will post 6.63 earnings per share for the current fiscal year.

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.