American Century Companies Inc. Has $142.72 Million Holdings in SM Energy (NYSE:SM)

American Century Companies Inc. boosted its position in shares of SM Energy (NYSE:SM - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,682,093 shares of the energy company's stock after acquiring an additional 296,601 shares during the period. American Century Companies Inc. owned approximately 3.22% of SM Energy worth $142,718,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SM. Gallacher Capital Management LLC lifted its holdings in shares of SM Energy by 4.5% during the 4th quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company's stock worth $318,000 after acquiring an additional 350 shares during the period. Dana Investment Advisors Inc. lifted its stake in SM Energy by 1.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 33,392 shares of the energy company's stock worth $1,294,000 after purchasing an additional 556 shares during the period. Empirical Finance LLC boosted its holdings in SM Energy by 2.5% during the fourth quarter. Empirical Finance LLC now owns 24,739 shares of the energy company's stock valued at $959,000 after purchasing an additional 605 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of SM Energy by 5.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,214 shares of the energy company's stock valued at $473,000 after purchasing an additional 677 shares during the period. Finally, Heritage Family Offices LLP raised its holdings in shares of SM Energy by 13.2% in the 4th quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company's stock worth $242,000 after buying an additional 726 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

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Insider Activity

In other news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the transaction, the director now directly owns 14,666 shares of the company's stock, valued at approximately $474,591.76. The trade was a 91.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

SM Energy Trading Down 3.2 %

Shares of SM stock traded down $1.02 on Tuesday, reaching $30.79. 1,265,533 shares of the stock were exchanged, compared to its average volume of 2,138,755. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. SM Energy has a one year low of $26.66 and a one year high of $53.26. The stock has a market cap of $3.52 billion, a PE ratio of 4.61 and a beta of 4.14. The stock has a 50 day moving average price of $35.78 and a 200 day moving average price of $39.67.

SM Energy (NYSE:SM - Get Free Report) last released its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.09). The business had revenue of $852.22 million for the quarter, compared to analyst estimates of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. Equities research analysts forecast that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, January 24th. SM Energy's dividend payout ratio is presently 11.98%.

Analyst Ratings Changes

A number of analysts have weighed in on SM shares. Williams Trading set a $41.00 price target on SM Energy in a research report on Wednesday, March 5th. Raymond James lowered their target price on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Truist Financial lifted their price target on shares of SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a report on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, StockNews.com cut shares of SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $48.00.

SM Energy Company Profile

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.