Foster & Motley Inc. Buys Shares of 8,833 SM Energy (NYSE:SM)

Foster & Motley Inc. acquired a new stake in SM Energy (NYSE:SM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 8,833 shares of the energy company's stock, valued at approximately $342,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of SM Energy in the fourth quarter valued at approximately $61,000. Moody Aldrich Partners LLC increased its stake in SM Energy by 31.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 132,267 shares of the energy company's stock valued at $5,127,000 after buying an additional 31,582 shares during the last quarter. KBC Group NV lifted its position in SM Energy by 46.2% during the 4th quarter. KBC Group NV now owns 4,854 shares of the energy company's stock worth $188,000 after buying an additional 1,533 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of SM Energy by 5.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 24,834 shares of the energy company's stock worth $963,000 after buying an additional 1,304 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of SM Energy by 1.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 84,538 shares of the energy company's stock worth $3,277,000 after buying an additional 1,076 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SM. KeyCorp dropped their target price on SM Energy from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. TD Cowen raised SM Energy from a "hold" rating to a "buy" rating and cut their price objective for the company from $64.00 to $60.00 in a report on Tuesday, October 15th. Truist Financial boosted their target price on shares of SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, January 13th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $53.00 price target (up previously from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company lowered their price objective on shares of SM Energy from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $51.90.

SM Energy Stock Performance

NYSE SM traded up $0.77 on Tuesday, reaching $38.15. The stock had a trading volume of 536,078 shares, compared to its average volume of 1,430,725. SM Energy has a 1-year low of $34.90 and a 1-year high of $53.26. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. The company has a market cap of $4.37 billion, a P/E ratio of 5.33 and a beta of 4.11. The firm has a fifty day moving average of $40.86 and a two-hundred day moving average of $42.36.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, January 24th. SM Energy's dividend payout ratio (DPR) is 11.17%.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.