Channing Capital Management LLC increased its position in shares of SM Energy (NYSE:SM - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,167,033 shares of the energy company's stock after purchasing an additional 68,774 shares during the period. Channing Capital Management LLC owned approximately 1.02% of SM Energy worth $45,234,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of SM. Millburn Ridgefield Corp bought a new position in SM Energy in the 3rd quarter valued at about $55,000. R Squared Ltd bought a new position in SM Energy during the 4th quarter worth $61,000. Legacy Investment Solutions LLC acquired a new stake in shares of SM Energy in the third quarter valued at about $83,000. Global Retirement Partners LLC raised its position in shares of SM Energy by 51.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock worth $84,000 after acquiring an additional 736 shares during the last quarter. Finally, KBC Group NV increased its position in shares of SM Energy by 16.7% during the third quarter. KBC Group NV now owns 3,321 shares of the energy company's stock worth $133,000 after buying an additional 476 shares during the period. 94.56% of the stock is owned by institutional investors.
SM Energy Stock Up 4.1 %
Shares of SM stock traded up $1.20 during mid-day trading on Wednesday, hitting $30.27. 1,447,145 shares of the stock traded hands, compared to its average volume of 1,694,228. SM Energy has a 52-week low of $26.66 and a 52-week high of $53.26. The stock's fifty day moving average is $37.81 and its two-hundred day moving average is $40.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. The stock has a market cap of $3.46 billion, a P/E ratio of 4.52 and a beta of 4.14.
SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The firm had revenue of $852.22 million for the quarter, compared to analysts' expectations of $849.44 million. Equities analysts predict that SM Energy will post 8.1 EPS for the current year.
SM Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Friday, January 24th. SM Energy's payout ratio is 11.98%.
Insiders Place Their Bets
In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of SM Energy stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $32.36 per share, with a total value of $226,520.00. Following the completion of the acquisition, the director now owns 14,666 shares in the company, valued at $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research analysts recently issued reports on SM shares. Truist Financial lifted their target price on SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Wells Fargo & Company decreased 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 report on Tuesday, December 17th. StockNews.com cut shares of SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Finally, Mizuho lowered their price target on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, SM Energy presently has a consensus rating of "Moderate Buy" and an average target price of $50.00.
Read Our Latest Stock Analysis on SM
About SM Energy
(
Free Report)
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.
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