SMNYSECrude Petroleum & Natural GasFiscal year ends December 31
SM Energy Co
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$38.89−0.61 (-1.54%)
Close on Oct 19, 2026
- Market cap
- $9.33B
- P/E (TTM)
- 7.7
- Dividend yield
- 2.06%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
96.7%
230M of 238M shares
Institutional holders
498
74 new, 81 sold out
Net institutional buying
4M
In Q2 2026
Insider trades, 12 months
0 buys · 3 sales
Net sold $1.62M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 33,455,147 | 14.00% | 13G (passive) amendment | Feb 28, 2026 |
| Vanguard Portfolio Management | 15,373,794 | 6.44% | 13G (passive) | Mar 31, 2026 |
| CPPIB Crestone Peak Resources Canada Inc. | 14,493,791 | 6.10% | 13G (passive) | Mar 31, 2026 |
| Aristeia Capital, L.L.C. | 13,000,649 | 5.47% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 12,239,916 | 5.13% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of SM | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 39,280,818 | 16.51% | $1.03B | +849,031 | 0.02% |
| Vanguard Portfolio Management LLC | 15,425,423 | 6.49% | $402.60M | +190,934 | 0.02% |
| Canada Pension Plan Investment Board | 14,493,791 | 6.09% | $378.29M | – | 0.21% |
| Aristeia Capital LLC | 13,000,649 | 5.47% | $339.32M | +2,158,803 | 4.41% |
| State Street Corp | 11,705,860 | 4.92% | $305.53M | −790,102 | 0.01% |
| Vanguard Capital Management LLC | 10,657,355 | 4.48% | $278.16M | +119,582 | 0.01% |
| American Century Companies Inc | 8,935,683 | 3.76% | $233.22M | +12,059 | 0.10% |
| Dimensional Fund Advisors LP | 8,174,503 | 3.44% | $213.35M | −1,820,850 | 0.04% |
| Donald Smith & Co., Inc. | 7,647,594 | 3.22% | $199.60M | +438,695 | 3.52% |
| Geode Capital Management, LLC | 6,269,841 | 2.64% | $163.68M | +571,288 | 0.01% |
| Millennium Management LLC | 4,493,473 | 1.89% | $117.28M | −539,433 | 0.04% |
| FMR LLC | 3,798,218 | 1.60% | $99.13M | −220,198 | 0.00% |
| Mackenzie Financial Corp | 3,674,134 | 1.54% | $95.89M | +997,403 | 0.10% |
| JPMorgan Chase & Co | 3,534,729 | 1.49% | $92.69M | −516,493 | 0.01% |
| Morgan Stanley | 2,943,691 | 1.24% | $76.83M | −567,990 | 0.00% |
| Charles Schwab Investment Management Inc | 2,893,103 | 1.22% | $75.51M | −6,671 | 0.01% |
| Northern Trust Corp | 2,786,773 | 1.17% | $72.73M | +132,162 | 0.01% |
| Nomura Asset Management International Inc. | 2,716,076 | 1.14% | $70.89M | −226,168 | 0.11% |
| Invesco Ltd. | 2,431,521 | 1.02% | $63.46M | +1,294,797 | 0.01% |
| Nuveen, LLC | 2,320,316 | 0.98% | $60.56M | −40,170 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 498 | 230M | 96.7% | 74 / 204 | 154 / 81 | 24M | 20M |
| Q1 2026 | 514 | 227M | 95.5% | 226 / 214 | 56 / 51 | 144M | 16M |
| Q4 2025 | 345 | 113M | 47.4% | 66 / 118 | 129 / 96 | 21M | 29M |
| Q3 2025 | 383 | 121M | 50.7% | 56 / 158 | 122 / 40 | 14M | 8M |
| Q2 2025 | 372 | 115M | 48.2% | 39 / 170 | 128 / 68 | 14M | 15M |
| Q1 2025 | 405 | 116M | 48.9% | 68 / 157 | 142 / 85 | 17M | 16M |
| Q4 2024 | 426 | 116M | 48.8% | 69 / 145 | 162 / 57 | 8M | 12M |
| Q3 2024 | 420 | 120M | 50.6% | 68 / 183 | 129 / 68 | 34M | 12M |
| Q2 2024 | 422 | 118M | 49.7% | 75 / 172 | 126 / 39 | 12M | 15M |
| Q1 2024 | 390 | 122M | 51.2% | 67 / 109 | 162 / 42 | 15M | 8M |
| Q4 2023 | 370 | 115M | 48.3% | 60 / 131 | 130 / 55 | 19M | 11M |
| Q3 2023 | 371 | 106M | 44.7% | 90 / 109 | 132 / 23 | 11M | 13M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of SM | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 13,721,412 | 5.77% | $358.13M | 0.32% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 7,604,889 | 3.20% | $198.49M | 0.01% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 7,601,696 | 3.20% | $233.45M | 0.86% | May 31, 2026 |
| iShares Russell 2000 ETF | 6,262,306 | 2.63% | $163.45M | 0.20% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 5,500,094 | 2.31% | $143.55M | 0.08% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 3,483,008 | 1.46% | $90.91M | 0.13% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 2,666,224 | 1.12% | $86.71M | 0.25% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 2,612,765 | 1.10% | $68.19M | 0.07% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF | 2,412,075 | 1.01% | $62.96M | 2.16% | Jun 30, 2026 |
| Nomura Small Cap Core Fund | 2,231,110 | 0.94% | $68.52M | 1.24% | May 29, 2026 |
| iShares Russell 2000 Value ETF | 2,171,652 | 0.91% | $56.68M | 0.39% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 2,087,626 | 0.88% | $54.49M | 0.32% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Value ETF | 1,960,724 | 0.82% | $51.17M | 0.64% | Jun 30, 2026 |
| Vanguard Selected Value Fund | 1,854,403 | 0.78% | $60.31M | 0.87% | Jul 31, 2026 |
| U.S. Small Cap Value Portfolio | 1,816,464 | 0.76% | $59.07M | 0.30% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Herbert S. Vogel | President & CEO, Director | 536,077 | 0.23% | Jul 25, 2025 |
| James Barker Lebeck | EVP, GC & Corp Secretary | 14,705 | 0.01% | Aug 24, 2026 |
| A. Wade Pursell | EVP & CFO | 426,531 | 0.18% | Aug 24, 2026 |
| Alan D. Bennett | Vice President - Controller | 3,686 | 0.00% | Jul 24, 2026 |
| Blake Douglas McKenna | EVP and COO | 4,160 | 0.00% | Jul 24, 2026 |
| Elizabeth Anne McDonald | President & CEO | 17,361 | 0.01% | Jul 24, 2026 |
| Kenneth J. Knott | SVP - Bus Dev & Land | 134,235 | 0.06% | Jul 25, 2025 |
| Richard A. Jenkins | Senior Vice President - Utah | 28,390 | 0.01% | Jul 25, 2025 |
| Patrick A. Lytle | Senior VP - Finance | 13,353 | 0.01% | Jul 25, 2025 |
| Ashwin Venkatraman | Director | 12,525 | 0.01% | Sep 11, 2026 |
| Rose M. Robeson | Director | 47,529 | 0.02% | Jun 23, 2026 |
| Ramiro G. Peru | Director | 72,130 | 0.03% | Jun 23, 2026 |
| Lloyd W. Helms Jr | Director | 26,564 | 0.01% | Jun 23, 2026 |
| Julio M. Quintana | Director | 120,191 | 0.05% | Jun 23, 2026 |
| Howard A. Willard | Director | 81,986 | 0.03% | Jun 23, 2026 |
| Barton R. Brookman Jr | Director | 35,771 | 0.02% | Jun 23, 2026 |
| Kempen Wouter T. van | Director | 141,551 | 0.06% | Jun 23, 2026 |
| Morris R. Clark | Director | 68,978 | 0.03% | Jun 23, 2026 |
| Carrie M. Fox | Director | 98,046 | 0.04% | Jun 23, 2026 |
| Anita M. Powers | Director | 33,890 | 0.01% | Jun 11, 2025 |
| William D. Sullivan | Director | 105,088 | 0.04% | Jun 11, 2025 |
| Carla Jean Bailo | Director | 106,830 | 0.04% | Jun 11, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Ashwin Venkatraman Director | Sep 10, 2026 | Sale | −3,650 | $38.28 | $139.72K | 12,525 |
| James Barker Lebeck EVP, GC & Corp Secretary | Aug 21, 2026 | Sale | −17,500 | $37.02 | $647.85K | 14,705 |
| A. Wade Pursell EVP & CFO | Aug 21, 2026 | Gift | −5,000 | – | – | 426,531 |
| James Barker Lebeck EVP, GC & Corp Secretary | Jul 24, 2026 | Tax withholding | −3,291 | $26.10 | $85.90K | 32,205 |
| James Barker Lebeck EVP, GC & Corp Secretary | Jul 24, 2026 | Option exercise | +7,520 | – | – | 35,496 |
| A. Wade Pursell EVP & CFO | Jul 24, 2026 | Tax withholding | −7,403 | $26.10 | $193.22K | 431,531 |
| A. Wade Pursell EVP & CFO | Jul 24, 2026 | Option exercise | +16,917 | – | – | 438,934 |
| Alan D. Bennett Vice President - Controller | Jul 1, 2026 | Tax withholding | −802 | $26.10 | $20.93K | 3,686 |
| Alan D. Bennett Vice President - Controller | Jul 1, 2026 | Option exercise | +1,919 | – | – | 4,488 |
| Alan D. Bennett Vice President - Controller | Jul 1, 2026 | Tax withholding | −264 | $26.10 | $6.89K | 2,569 |
| Alan D. Bennett Vice President - Controller | Jul 1, 2026 | Option exercise | +948 | – | – | 2,599 |
| Alan D. Bennett Vice President - Controller | Jul 1, 2026 | Tax withholding | −396 | $26.10 | $10.34K | 2,203 |
| Alan D. Bennett Vice President - Controller | Jul 1, 2026 | Option exercise | +630 | – | – | 2,833 |
| Blake Douglas McKenna EVP and COO | Jul 1, 2026 | Option exercise | +4,160 | – | – | 4,160 |
| Blake Douglas McKenna EVP and COO | Jul 1, 2026 | Tax withholding | −1,196 | $26.10 | $31.22K | 2,964 |
| A. Wade Pursell EVP & CFO | Jul 1, 2026 | Tax withholding | −4,176 | $26.10 | $108.99K | 411,817 |
| A. Wade Pursell EVP & CFO | Jul 1, 2026 | Option exercise | +9,543 | – | – | 415,993 |
| A. Wade Pursell EVP & CFO | Jul 1, 2026 | Option exercise | +16,000 | – | – | 427,817 |
| A. Wade Pursell EVP & CFO | Jul 1, 2026 | Tax withholding | −3,705 | $26.10 | $96.70K | 406,450 |
| A. Wade Pursell EVP & CFO | Jul 1, 2026 | Option exercise | +11,855 | – | – | 410,155 |
| A. Wade Pursell EVP & CFO | Jul 1, 2026 | Tax withholding | −5,800 | $26.10 | $151.38K | 422,017 |
| James Barker Lebeck EVP, GC & Corp Secretary | Jul 1, 2026 | Tax withholding | −4,761 | $26.10 | $124.26K | 27,976 |
| James Barker Lebeck EVP, GC & Corp Secretary | Jul 1, 2026 | Option exercise | +5,269 | – | – | 20,728 |
| James Barker Lebeck EVP, GC & Corp Secretary | Jul 1, 2026 | Tax withholding | −2,306 | $26.10 | $60.19K | 18,422 |
| James Barker Lebeck EVP, GC & Corp Secretary | Jul 1, 2026 | Option exercise | +6,108 | – | – | 24,530 |
| James Barker Lebeck EVP, GC & Corp Secretary | Jul 1, 2026 | Tax withholding | −2,673 | $26.10 | $69.77K | 21,857 |
| James Barker Lebeck EVP, GC & Corp Secretary | Jul 1, 2026 | Option exercise | +10,880 | – | – | 32,737 |
| Elizabeth Anne McDonald President & CEO | Jul 1, 2026 | Option exercise | +9,690 | – | – | 17,361 |
| Elizabeth Anne McDonald President & CEO | Jul 1, 2026 | Tax withholding | −4,240 | $26.10 | $110.66K | 13,121 |
| Elizabeth Anne McDonald President & CEO | Jul 1, 2026 | Option exercise | +14,720 | – | – | 27,841 |
| Elizabeth Anne McDonald President & CEO | Jul 1, 2026 | Tax withholding | −6,440 | $26.10 | $168.08K | 21,401 |
| A. Wade Pursell EVP & CFO | Jun 30, 2026 | Other | +190 | $15.90 | $3.02K | 398,300 |
| James Barker Lebeck EVP, GC & Corp Secretary | Jun 30, 2026 | Other | +622 | $15.90 | $9.89K | 15,459 |
| Elizabeth Anne McDonald President & CEO | Jun 30, 2026 | Other | +1,309 | $15.90 | $20.81K | 7,671 |
| Lloyd W. Helms Jr Director | Jun 22, 2026 | Award | +9,024 | – | – | 26,564 |
| Ashwin Venkatraman Director | Jun 22, 2026 | Award | +6,166 | – | – | 16,175 |
| Ramiro G. Peru Director | Jun 22, 2026 | Award | +6,166 | – | – | 72,130 |
| Howard A. Willard Director | Jun 22, 2026 | Award | +9,024 | – | – | 81,986 |
| Barton R. Brookman Jr Director | Jun 22, 2026 | Award | +9,024 | – | – | 35,771 |
| Kempen Wouter T. van Director | Jun 22, 2026 | Award | +6,166 | – | – | 141,551 |
| Rose M. Robeson Director | Jun 22, 2026 | Award | +6,166 | – | – | 47,529 |
| Morris R. Clark Director | Jun 22, 2026 | Award | +6,166 | – | – | 68,978 |
| Julio M. Quintana Director | Jun 22, 2026 | Award | +10,377 | – | – | 120,191 |
| Carrie M. Fox Director | Jun 22, 2026 | Award | +9,024 | – | – | 98,046 |
| Ramiro G. Peru Director | May 21, 2026 | Sale | −24,553 | $33.98 | $834.31K | 65,964 |
| A. Wade Pursell EVP & CFO | Mar 12, 2026 | Gift | −7,500 | – | – | 398,110 |
| Kempen Wouter T. van Director | Feb 5, 2026 | Tax withholding | −75,217 | $18.87 | $1.42M | 135,385 |
| James Barker Lebeck EVP Corp Development & GC | Jan 23, 2026 | Option exercise | +14,698 | – | – | 21,628 |
| James Barker Lebeck EVP Corp Development & GC | Jan 23, 2026 | Tax withholding | −6,791 | $18.75 | $127.33K | 14,837 |
| Elizabeth Anne McDonald President & CEO | Dec 31, 2025 | Other | +912 | $15.96 | $14.56K | 6,362 |
| A. Wade Pursell EVP & CFO | Dec 31, 2025 | Other | +184 | $15.96 | $2.94K | 405,610 |
| Elizabeth Anne McDonald President & COO | Sep 9, 2025 | Option exercise | +9,690 | – | – | 9,690 |
| Elizabeth Anne McDonald President & COO | Sep 9, 2025 | Tax withholding | −4,240 | $26.71 | $113.25K | 5,450 |
| A. Wade Pursell EVP & CFO | Jul 24, 2025 | Option exercise | +11,436 | – | – | 410,431 |
| A. Wade Pursell EVP & CFO | Jul 24, 2025 | Tax withholding | −5,005 | $24.71 | $123.67K | 405,426 |
| Herbert S. Vogel President & CEO, Director | Jul 24, 2025 | Tax withholding | −12,566 | $24.71 | $310.51K | 536,077 |
| Herbert S. Vogel President & CEO, Director | Jul 24, 2025 | Option exercise | +28,721 | – | – | 548,643 |
| Kenneth J. Knott SVP - Bus Dev & Land | Jul 24, 2025 | Tax withholding | −843 | $24.71 | $20.83K | 134,235 |
| Kenneth J. Knott SVP - Bus Dev & Land | Jul 24, 2025 | Option exercise | +3,458 | – | – | 135,078 |
| Patrick A. Lytle Senior VP - Finance | Jul 24, 2025 | Option exercise | +1,331 | – | – | 13,353 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Lebeck James Officer | Aug 21, 2026 | 17,500 | $647.88K | Aug 21, 2026 | Restricted Stock |
| Peru Ramiro Director | May 21, 2026 | 24,553 | $862.79K | May 21, 2026 | In lieu of services |
| Patrick A. Lytle Officer | May 18, 2026 | 3,600 | $117.32K | May 18, 2026 | ESPP |
| Herbert S. Vogel Officer | Apr 27, 2026 | 100,749 | $2.95M | Apr 27, 2026 | Stock Award |
| Herbert S. Vogel Policy-Making Officer | Mar 26, 2026 | 100,000 | $3.26M | Mar 26, 2026 | Stock Award |
| Jenkins Richard Officer | Jun 17, 2025 | 7,726 | $220.12K | Jun 17, 2025 | Employee Stock Purchase Plan |
| Patrick A. Lytle Officer | Aug 26, 2024 | 6,059 | $287.48K | Aug 26, 2024 | RESTRICTED STOCK |
| James Barker Lebeck Officer | Aug 16, 2024 | 4,487 | $203.84K | Aug 16, 2024 | RESTRICTED STOCK |
| M. Robeson Revocable Trust DTD 03/21/2005 Rose Director | Aug 16, 2024 | 10,000 | $454.53K | Aug 16, 2024 | RSU Grant |
| Kenneth J. Knott Officer | May 21, 2024 | 16,000 | $804.43K | May 21, 2024 | PERFORMANCE SHARES |
| William D. Sullivan Director | May 15, 2024 | 60,000 | $2.96M | May 14, 2024 | stock award |
| Mary Ellen Lutey Officer | Mar 1, 2024 | 43,506 | $1.94M | Mar 1, 2024 | PERFORMANCE SHARES |
| Julio M. Quintana Director | Sep 12, 2023 | 44,000 | $1.85M | Aug 30, 2023 | Director Compensation |
| Ramiro G. Peru Director | Aug 31, 2023 | 15,670 | $643.98K | Aug 29, 2023 | Stock Award |
| M. Robeson Revocable Trust Rose Board Member | Aug 23, 2023 | 30,000 | $1.19M | Aug 23, 2023 | RSU Grant |