13 Feb 2017substantial holder notice● Neutral
The Vanguard Group reported a SM Energy Co shareholding of 7,553,182 shares (7.83% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Feb 2017substantial holder notice● Neutral
Sunil Jagwani, Millinvest, Ltd reported a SM Energy Co shareholding of 2,502,637 shares (2.25% of votes) in a periodic institutional filing.
27 Jan 2017substantial holder notice● Neutral
BlackRock, Inc reported a SM Energy Co shareholding of 8,506,120 shares (8.80% of votes) in a periodic institutional filing.
9 Jan 2017material agreement● Neutral
SM Energy corrected errors in its description of the Venado Eagle Ford sale terms from its original filing three days earlier.
6 Jan 2017material agreement▲ GoodMajor
SM Energy agreed to sell its non-operated Eagle Ford shale subsidiary to KKR affiliate Venado EF for $800 million, continuing its shift toward the Permian.
22 Dec 2016asset acquisition disposition▲ GoodMajor
SM Energy completed its acquisition of QStar's and RRP-QStar's Midland Basin assets in Howard and Martin Counties, Texas on December 21, 2016. It paid $1.1 billion in cash and issued 13,385,949 shares of common stock.
21 Dec 2016substantial holder notice● Neutral
QStar LLC, EnCap Energy Capital Fund IX, L.P, EnCap Partners, LLC disclosed a new substantial SM Energy Co shareholding (9.30% of votes).
7 Dec 2016director interest notice● Neutral
SM Energy Co President & CEO Javan D Ottoson gifted 4,000 shares.
7 Dec 2016material agreement● Neutral
SM Energy closed its common stock offering of 10,925,000 shares, including the underwriters' fully exercised option, raising net proceeds of about $403.0 million. It planned to use the money to acquire about 4,100 net acres in the Midland Basin, reduce debt and for general corporate purposes.
7 Dec 2016director interest notice● Neutral
SM Energy Co EVP & CFO A Wade Pursell gifted 2,000 shares.
5 Dec 2016securities registration● Neutral
SM Energy Co filed a prospectus supplement for an offering off its existing shelf.
1 Dec 2016asset acquisition disposition▲ GoodMajor
SM Energy completed the sale of its Williston Basin (Montana/North Dakota) oil and gas assets to Oasis Petroleum for $765.8 million, continuing its pivot away from the Rockies toward the Permian, and disclosed a pending deal for more Midland Basin acreage.
1 Dec 2016securities registration● Neutral
SM Energy Co filed a prospectus supplement for an offering off its existing shelf.
2 Nov 2016quarterly activities report● Neutral
SM Energy Co reported quarterly revenue of $352.7 million for the period ended 2016-09-30.
2 Nov 2016quarterly activities report● Neutral
SM Energy said it issued a press release with third-quarter 2016 results and an operational update, and scheduled an earnings call for November 2, 2016 at 8:00 a.m. Mountain Time.
25 Oct 2016substantial holder notice● Neutral
Millennium Management, Israel Englander and affiliated funds (Integrated Core Strategies, Cognizant Holdings, Integrated Assets) reported holding 4.9% of SM Energy as of October 24, 2016, having held 5.3% on October 18. The filing marked that they had fallen to 5% or less.
21 Oct 2016capital raising announcement● NeutralMajor
SM Energy agreed on Oct 17, 2016 to buy QStar and RRP-QStar's Midland Basin assets in Howard and Martin Counties, Texas, for $1.1 billion in cash plus about 13.4 million new SM shares, and to sell its Williston Basin assets in Montana and North Dakota to Oasis Petroleum for $785 million in cash. These are the follow-on Permian purchase and the Rocky Mountain sale flagged in the October 6 credit agreement amendment; both are subject to closing conditions and can be terminated if not closed by Jan 20, 2017 (QStar/RRP) or Dec 30, 2016 (Oasis). The share issuance would add to the existing share count.
6 Oct 2016asset acquisition disposition▲ GoodMajor
SM Energy completed its $980 million acquisition of Rock Oil's roughly 24,800 net acres in the Permian's Midland Basin, and amended its credit agreement to permit a planned sale of its Rocky Mountain (Montana/North Dakota/Wyoming) assets.
3 Oct 2016director interest notice● Neutral
SM Energy Co SVP-Bus Dv & Land & Asst Sec Kenneth J. Knott sold 661 shares at $40.00.
12 Sept 2016material agreement● Neutral
SM Energy sold $500 million of new 6.75% Senior Notes due 2026 to help fund its pending Rock Oil Permian acquisition.
8 Sept 2016securities registration● Neutral
SM Energy Co filed the final prospectus for a registered offering.
7 Sept 2016securities registration● Neutral
SM Energy Co filed a free-writing prospectus - marketing material for an offering in progress.
7 Sept 2016securities registration● Neutral
SM Energy Co filed a prospectus supplement for an offering off its existing shelf.
29 Aug 2016director interest notice● Neutral
SM Energy Co Sr. VP & Regional Manager Lehman E Newton III received a stock option grant for 3,027 shares.
29 Aug 2016director interest notice● Neutral
SM Energy Co Sr. VP & Regional Manager Mark D Mueller received a stock option grant for 3,027 shares.
29 Aug 2016director interest notice● Neutral
SM Energy Co President & CEO Javan D Ottoson received a stock option grant for 23,148 shares.
29 Aug 2016director interest notice● Neutral
SM Energy Co EVP & CFO A Wade Pursell received a stock option grant for 13,355 shares.
29 Aug 2016director interest notice● Neutral
SM Energy Co Sr. VP & Regional Manager Mary Ellen Lutey received a stock option grant for 4,630 shares.
29 Aug 2016director interest notice● Neutral
SM Energy Co VP-Marketing David J. Whitcomb received a stock option grant for 2,048 shares.
29 Aug 2016director interest notice● Neutral
SM Energy Co EVP, GC & Corp. Sec. David W Copeland received a stock option grant for 4,674 shares.