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No insider purchase over the last 90 days. The latest was filed 08 May 2025.
SM Energy Co: what insiders have been doing
SM Energy Co is a Energy company. Its directors and officers file their transactions with SEC (Form 4). 9 insiders have disclosed 20 filings since 18 October 2025.
There is no open-market purchase to report; the filings show 2 sales worth €674k by 2 insiders. At €554k, the sale published on 24 August 2026 by Lebeck James Barker is the largest of the period (0.0077% of market cap).
With 20 filings in twelve months, the company is quieter than the median of 22 filings across the 5,458 companies we follow on the same exchange. Since 2021, the database holds 7 purchases and 21 sales by insiders of the company. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 3.15 bn USD and net income at 648.0 m USD; the dividend was 0.80 USD per share.
Typically, a trade is published a median of 1 day after it takes place. The legal deadline for a Form 4 is two business days after the transaction. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
In the same sector, recent insider purchases at AXIA Energia S.A. and RGC Resources Inc also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
173
Thresholds
n/a
Buy Volume
€466,573
7 ops. · all time
Sell Volume
€13M
21 ops. · all time
Who traded when
BuySaleHerbert S. Vogel2 buys
Ashwin Venkatraman1 sale
BARTON R. BROOKMAN Jr.1 buy
James Barker Lebeck1 sale
Jenkins Richard A.1 sale
Peru Ramiro G1 buy
Since the insiders bought
- +32.4%Entry US$23.16 · Close at T+365 US$30.67
- -4.3%Entry US$27.15 · Close at T+365 US$25.97
- -26.0%Entry US$32.71 · Close at T+365 US$24.19
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate SM Energy Co Buy (bullish), based on 18 analysts. Average price target: US$44.56.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 2,504 of 24,161 companies
73.5
score / 100
Value77
Quality70
FCF yld5.7%
Earn yld6.9%
EV/EBITDA5.5x
ROE16%
Gross mgn33%
Net mgn21%
Debt/EBITDA1.2x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$39.50
Analyst consensus
18 analystsBuy
US$32.00Target US$44.56(+13%)US$58.00
Income statement
RevenueUS$3.1B
Gross profitUS$1B33% margin
EBITDAUS$2.2B70% margin
Net incomeUS$648M20.2% margin
Valuation
PER (trailing)6.6x
PER (forward)4.8x
P/Book1.2x
Beta0.96
Balance sheet & cash
Market capUS$9.4B
Total debtUS$2.7B
Free Cash FlowUS$539M
Debt / Equity95%
Profitability & ownership
ROE16.1%
ROA6.9%
% insiders0.9%
% institutions99.9%
Last declaration on 11 September 2026
Declarations173 total
3,650 shares@ US$38.280.0017% mcap100.0% of flowCommon Stock, $.01 Par ValueSEC:0000893538-26-000130:0
5,000 shares0Common Stock, $.01 Par ValueSEC:0000893538-26-000125:0
17,500 shares@ US$37.020.0077% mcap66.5% of flowCommon Stock, $.01 Par ValueSEC:0000893538-26-000124:0
17,500 shares@ US$37.02150.0076% mcap100.0% of flowCommonSEC144:0001950047-26-008558
7,520 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000113:0
16,917 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000114:0
7,403 shares@ US$26.100.0024% mcap89.7% of flowCommon Stock, $.01 Par ValueSEC:0000893538-26-000114:1
3,291 shares@ US$26.100.0011% mcap9.0% of flowCommon Stock, $.01 Par ValueSEC:0000893538-26-000113:1
948 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000099:0
396 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000099:1
630 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000099:2
264 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000099:3
1,919 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000099:4
802 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000099:5
9,024 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000089:0
6,166 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000088:0
9,024 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000083:0
184 shares@ US$15.961.3% of flowCommon Stock, $.01 Par ValueSEC:0000893538-26-000033:0
75,217 shares@ US$18.87100.0% of flowCommon Stock, $.01 Par ValueSEC:0000893538-26-000019:0
14,698 sharesCommon Stock, $.01 Par ValueSEC:0000893538-26-000001:0
9,690 sharesCommon Stock, $.01 Par ValueSEC:0000893538-25-000118:0
28,721 sharesCommon Stock, $.01 Par ValueSEC:0000893538-25-000106:0
3,458 sharesCommon Stock, $.01 Par ValueSEC:0000893538-25-000104:0
1,331 sharesCommon Stock, $.01 Par ValueSEC:0000893538-25-000102:0
11,436 sharesCommon Stock, $.01 Par ValueSEC:0000893538-25-000100:0
25 of 173 declarations
About SM Energy Co
SM Energy Co (NYSE: SM) is a U.S.-based independent oil and natural gas exploration and production company headquartered in Denver, Colorado, United States. Founded in 1908, the company has a long operating history and has evolved into a focused onshore E&P business centered on high-return U.S. shale assets. For French-speaking investors in France, Belgium, and Switzerland, SM Energy is best understood as a classic U.S. upstream energy name: its equity story is driven by commodity prices, operating execution, capital discipline, reserve quality, and free cash flow generation.
The company’s business model is concentrated on the exploration, development, and production of crude oil, natural gas, and natural gas liquids. SM Energy’s asset base is primarily located in the Lower 48, with operations in the Permian Basin in West Texas and New Mexico, the Denver-Julesburg Basin in Colorado, the Maverick Basin in South Texas, and the Uinta Basin in northeast Utah. This multi-basin footprint gives the company diversification across several prolific shale regions while preserving exposure to some of the most economic drilling opportunities in the U.S. On its corporate materials, SM Energy emphasizes premier top-tier assets, technical excellence, and disciplined capital allocation.
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From a competitive standpoint, SM Energy operates in a highly crowded segment of the U.S. energy industry, where scale, low costs, and inventory depth matter. The company is not positioned as a supermajor, but rather as a disciplined independent producer competing against other shale-focused operators. Its strategic appeal lies in the quality of its acreage, its ability to generate cash in a volatile price environment, and its balance-sheet management. In January 2026, SM Energy completed its all-stock merger with Civitas Resources, which materially expanded the company’s scale and made it a larger, more diversified independent producer with a stronger position in high-return U.S. shale basins. Following the transaction, Beth McDonald became President and CEO, marking a new leadership phase focused on integration and value creation.
Recent developments have been important for the investment case. In late February 2026, SM Energy released its 2026 outlook, highlighting a plan designed to maximize free cash flow, increase the fixed annual dividend by 10%, and prioritize both debt reduction and share repurchases. In early May 2026, the company reported first-quarter 2026 results showing higher production, accelerated synergies, and a reaffirmed full-year capital spending plan. SM Energy also announced an amendment to its credit facility, strengthening liquidity and extending debt maturities. Overall, SM Energy is a NYSE-listed U.S. energy company that combines a long operating history, a concentrated shale portfolio, and a clear capital-return framework aimed at improving shareholder value.
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