SM Energy (NYSE:SM) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its position in shares of SM Energy (NYSE:SM - Free Report) by 71.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 284,475 shares of the energy company's stock after selling 709,883 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.25% of SM Energy worth $11,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gallacher Capital Management LLC lifted its position in 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. Hillsdale Investment Management Inc. lifted its holdings in shares of SM Energy by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 97,800 shares of the energy company's stock valued at $3,791,000 after buying an additional 400 shares during the period. Dana Investment Advisors Inc. lifted its holdings in shares of SM Energy by 1.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 33,392 shares of the energy company's stock valued at $1,294,000 after buying an additional 556 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of SM Energy by 2.2% in the 4th quarter. WINTON GROUP Ltd now owns 28,091 shares of the energy company's stock valued at $1,089,000 after buying an additional 592 shares during the period. Finally, Empirical Finance LLC lifted its holdings in shares of SM Energy by 2.5% in the 4th quarter. Empirical Finance LLC now owns 24,739 shares of the energy company's stock valued at $959,000 after buying an additional 605 shares during the period. Institutional investors and hedge funds own 94.56% of the company's stock.

Remove Ads

Insider Activity

In other SM Energy news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the acquisition, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SM. JPMorgan Chase & Co. decreased their price objective on SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Truist Financial boosted their price objective on SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a report on Monday, January 13th. Williams Trading set a $41.00 price objective on SM Energy in a report on Wednesday, March 5th. Raymond James decreased their price objective on SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Finally, StockNews.com lowered SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.00.

SM Energy Price Performance

NYSE:SM traded down $2.63 during trading hours on Thursday, hitting $21.99. 572,664 shares of the stock were exchanged, compared to its average volume of 1,845,614. SM Energy has a 52-week low of $19.67 and a 52-week high of $52.83. The firm's fifty day moving average price is $31.57 and its 200 day moving average price is $38.34. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.52 billion, a P/E ratio of 3.29 and a beta of 3.75.

SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.09). The firm had revenue of $852.22 million for the quarter, compared to analysts' expectations of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. As a group, equities research analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 18th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.64%. SM Energy's dividend payout ratio (DPR) is presently 11.98%.

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.