Insider Selling: SMF Energy Corp CEO Unloads 307,877 Shares of Stock (FUEL)
SMF Energy Corp (NASDAQ:FUEL) CEO George H. John sold 307,877 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $58.26, for a total value of $17,936,914.02. Following the completion of the transaction, the chief executive officer now directly owns 2,251,924 shares of the company’s stock, valued at approximately $131,197,092. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on FUEL. Analysts at BMO Capital Markets raised their price target on shares of SMF Energy Corp from $50.00 to $58.00 in a research note to investors on Friday, January 31st. Finally, analysts at Needham & Company upgraded shares of SMF Energy Corp from a “buy” rating to a “strong-buy” rating in a research note to investors on Thursday, December 19th. They now have a $75.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $61.58.
Shares of SMF Energy Corp (NASDAQ:FUEL) traded down 2.50% during mid-day trading on Wednesday, hitting $51.00. 969,694 shares of the company’s stock traded hands. SMF Energy Corp has a one year low of $37.81 and a one year high of $71.89. The stock’s 50-day moving average is $59.95 and its 200-day moving average is $55.85. The company’s market cap is $1.787 billion.
SMF Energy Corp (NASDAQ:FUEL) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.16) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.16). The company had revenue of $62.50 million for the quarter, compared to the consensus estimate of $58.84 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 132.3% on a year-over-year basis. On average, analysts predict that SMF Energy Corp will post $-0.37 earnings per share for the current fiscal year.
SMF Energy Corporation provides petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunications and government services industries.
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