SM Energy Company $SM Stock Holdings Lowered by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lessened its stake in SM Energy Company (NYSE:SM) by 15.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 410,267 shares of the energy company’s stock after selling 74,766 shares during the period. SM Energy accounts for about 1.2% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 12th largest position. Pekin Hardy Strauss Inc. owned 0.17% of SM Energy worth $13,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SM. Kestra Advisory Services LLC raised its stake in shares of SM Energy by 4.7% during the third quarter. Kestra Advisory Services LLC now owns 15,347 shares of the energy company’s stock valued at $518,000 after acquiring an additional 682 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in SM Energy by 5.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,765 shares of the energy company’s stock worth $397,000 after purchasing an additional 641 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in SM Energy by 3.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 53,395 shares of the energy company’s stock worth $1,804,000 after purchasing an additional 1,800 shares during the period. SMH Capital Advisors Inc. purchased a new position in SM Energy during the 3rd quarter worth $1,263,000. Finally, Unison Advisors LLC raised its position in SM Energy by 0.8% during the 3rd quarter. Unison Advisors LLC now owns 36,913 shares of the energy company’s stock valued at $1,247,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

Trending Headlines about SM Energy

Here are the key news stories impacting SM Energy this week:

• Positive Sentiment: Revenue rose about 167% year over year to $2.16 billion, beating the $2.04 billion consensus. The company also reported that quarterly cash flow more than doubled and merger synergies reached $400 million. SM Energy Q3 cash flow more than doubles as merger synergies hit $400 million
• Positive Sentiment: SM Energy expects fourth-quarter oil production of 229,000–239,000 barrels per day and is targeting leverage in the low 1x range by year-end 2026, signaling a focus on production and balance-sheet improvement. SM Energy outlines Q4 oil production and leverage targets
• Positive Sentiment: A Zacks article notes that the stock is technically oversold and that analyst earnings-estimate revisions have been favorable, factors that could support a rebound if selling pressure eases. Zacks analysis of SM Energy
• Neutral Sentiment: Truist lowered its price target to $47 from $48 but kept a Buy rating; Wells Fargo cut its target to $46 from $47 and maintained Overweight. The continued positive ratings are tempered by the small target reductions. Truist rating update
• Negative Sentiment: Third-quarter EPS of $1.95 fell short of the $2.01 consensus. The earnings miss contributed to selling pressure and the stock crossing below its 50-day moving average. SM Energy share price crosses below 50-day moving average
• Negative Sentiment: The company may temporarily shift drilling away from the Uinta Basin in early 2027 amid operating constraints, adding uncertainty to its drilling plans and future production mix. Reuters report on Uinta Basin drilling plans

SM Energy Stock Performance

SM stock opened at $29.68 on Friday. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 7.20 and a beta of 0.80. The firm has a 50-day simple moving average of $36.95 and a two-hundred day simple moving average of $30.52. SM Energy Company has a one year low of $17.45 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.57.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Tuesday, November 3rd. The energy company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.06). SM Energy had a return on equity of 20.48% and a net margin of 13.69%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the firm earned $1.33 EPS. The firm’s quarterly revenue was up 167.2% on a year-over-year basis. On average, equities analysts forecast that SM Energy Company will post 8.15 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Monday, September 7th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, September 4th. SM Energy’s dividend payout ratio (DPR) is 21.36%.

Insider Buying and Selling at SM Energy

In other news, EVP James Barker Lebeck sold 17,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $37.02, for a total transaction of $647,850.00. Following the completion of the sale, the executive vice president owned 14,705 shares in the company, valued at approximately $544,379.10. This represents a 54.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ashwin Venkatraman sold 3,650 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $38.28, for a total value of $139,722.00. Following the completion of the sale, the director directly owned 12,525 shares of the company’s stock, valued at $479,457. The trade was a 22.57% decrease in their position. The SEC filing for this sale provides additional information. 0.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on SM Energy from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday. Raymond James Financial reissued an “outperform” rating and set a $50.00 price target on shares of SM Energy in a research report on Wednesday, October 21st. Susquehanna set a $33.00 price target on SM Energy in a research note on Thursday. Wall Street Zen upgraded SM Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Finally, Stifel Nicolaus assumed coverage on SM Energy in a report on Wednesday, September 9th. They issued a “hold” rating and a $42.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SM Energy currently has a consensus rating of “Moderate Buy” and an average price target of $39.82.

About SM Energy

SM Energy Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its activities include acquiring prospective acreage, drilling and completing wells, and managing producing properties in U.S. onshore oil and gas basins.

The company’s operations are primarily concentrated in Texas, including the Midland Basin in West Texas and the Eagle Ford shale region in South Texas. SM Energy focuses on development of unconventional resources and uses horizontal drilling and hydraulic fracturing technologies to produce hydrocarbons from shale and other tight-rock formations.

Founded in 1908 as St.