Assenagon Asset Management S.A. Reduces Position in SM Energy (NYSE:SM)

Assenagon Asset Management S.A. trimmed its stake in shares of SM Energy (NYSE:SM - Free Report) by 76.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,441 shares of the energy company's stock after selling 621,591 shares during the period. Assenagon Asset Management S.A. owned about 0.17% of SM Energy worth $7,614,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SM. Range Financial Group LLC acquired a new position in shares of SM Energy during the 4th quarter worth $833,000. Diversified Trust Co raised its position in SM Energy by 16.5% during the fourth quarter. Diversified Trust Co now owns 21,776 shares of the energy company's stock worth $844,000 after acquiring an additional 3,089 shares during the last quarter. Insight Wealth Strategies LLC raised its position in SM Energy by 5.8% during the fourth quarter. Insight Wealth Strategies LLC now owns 51,084 shares of the energy company's stock worth $1,980,000 after acquiring an additional 2,801 shares during the last quarter. DGS Capital Management LLC lifted its holdings in shares of SM Energy by 88.4% in the third quarter. DGS Capital Management LLC now owns 10,910 shares of the energy company's stock valued at $436,000 after purchasing an additional 5,119 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of SM Energy in the third quarter valued at approximately $445,000. Hedge funds and other institutional investors own 94.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SM shares. Truist Financial increased their target price on SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a report on Monday, January 13th. KeyCorp decreased their price target on shares of SM Energy from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Wells Fargo & Company cut their price objective on shares of SM Energy from $47.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 17th. Susquehanna decreased their target price on shares of SM Energy from $48.00 to $46.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Finally, TD Cowen upgraded SM Energy from a "hold" rating to a "buy" rating and reduced their target price for the stock from $64.00 to $60.00 in a research report on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.90.

SM Energy Trading Down 2.0 %

SM traded down $0.88 on Monday, reaching $43.24. 2,351,355 shares of the company's stock were exchanged, compared to its average volume of 1,159,765. SM Energy has a twelve month low of $34.90 and a twelve month high of $53.26. The company's 50 day moving average is $41.79 and its 200-day moving average is $42.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 6.04 and a beta of 4.14.

SM Energy (NYSE:SM - Get Free Report) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. During the same quarter last year, the firm posted $1.73 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts predict that SM Energy will post 6.8 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, January 24th. SM Energy's dividend payout ratio is presently 11.17%.

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.