In a filing, SM Energy Company revealed its Director Quintana Julio M unloaded Company’s shares for reported $0.95 million on Oct 21. In the deal valued at $42.79 per share,22,300 shares were sold. As a result of this transaction, Quintana Julio M now holds 121,944 shares worth roughly $ 3.82 million.
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Then, Copeland David W sold 10,000 shares, generating $462,300 in total proceeds. Upon selling the shares at $46.23, the EVP & General Counsel now owns 228,543 shares.
Before that, Lytle Patrick A sold 8,658 shares. SM Energy Company shares valued at $394,891 were divested by the VP – Chief Accounting Officer at a price of $45.61 per share. As a result of the transaction, Lytle Patrick A now holds 12,463 shares, worth roughly $0.39 million.
TD Cowen downgraded its SM Energy Company [SM] rating to a Market perform from a an Outperform in a research note published on Monday. PT values the company’s stock at a premium of 10.51 to its Monday closing price. A number of analysts have revised their coverage, including Cowen’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “a Market perform”. Mizuho began covering SM with “Buy” recommendation on January 10, 2023. JP Morgan revised its rating on January 04, 2023. It rated SM as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of SM
On Monday, SM Energy Company [NYSE:SM] saw its stock fall -1.82% to $31.32. On the same session, the stock had its day’s lowest price of $31.05, but rose to a high of $31.80. Over the last five days, the stock has gained 4.99%. SM Energy Company shares have fallen nearly -10.08% since the year began. Nevertheless, the stocks have fallen -17.71% over the past one year. While a 52-week high of $54.97 was reached on 01/18/23, a 52-week low of $27.92 was recorded on 02/22/23. SMA at 50 days reached $32.21, while 200 days put it at $39.08. A total of 1.69 million shares were traded, compared to the trading of 1.69 million shares in the previous session.
Levels Of Support And Resistance For SM Stock
The 24-hour chart illustrates a support level at 30.98, which if violated will result in even more drops to 30.64. On the upside, there is a resistance level at 31.73. A further resistance level may holdings at 32.14. The Relative Strength Index (RSI) on the 14-day chart is 48.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.28%. Stochastics %K at 60.10% indicates the stock is a holding.
How much short interest is there in SM Energy Company?
A steep rise in short interest was recorded in SM Energy Company stocks on Jan 12, 2023, dropping by -0.31 million shares to a total of 4.78 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 5.09 million shares. There was a decline of -6.49%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.43% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.75.
SM Energy Company [SM] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 18,694,674 shares, or roughly 15.22% of the outstanding SM shares. In other words, the investor’s shares have risen by 787,684 from its previous 13-F filing of 17906990.0. Additionally, The Vanguard Group, Inc. increased 3.26% of its stake after which the total value it holdings stand at $501,415,744, while SSgA Funds Management, Inc. added 14.55% of its stake to hold $219.49 million in the firm. Over the last quarter, Dimensional Fund Advisors LP sold -124,436 shares of SM Energy Company, while Frontier Capital Management Co. L sold 388,430 shares. At present, Wellington Management Co. LLP is holding 2,381,409 shares valued at $78.28 million. JPMorgan Investment Management, I owned 2,215,145 shares of the company at the time of its most recent 13F filing, worth $72.81 million.
The most recent change occurred on September 20, 2022 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $64 price target.