SM Energy (NYSE:SM) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of SM Energy (NYSE:SM - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,255,841 shares of the energy company's stock after purchasing an additional 32,803 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.10% of SM Energy worth $48,676,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in SM Energy by 2,515.6% during the third quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company's stock worth $178,404,000 after buying an additional 4,292,793 shares during the period. Fisher Asset Management LLC lifted its position in SM Energy by 214.7% during the fourth quarter. Fisher Asset Management LLC now owns 519,302 shares of the energy company's stock worth $20,128,000 after buying an additional 354,297 shares during the period. Townsquare Capital LLC lifted its position in SM Energy by 267.4% during the third quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company's stock worth $15,633,000 after buying an additional 284,665 shares during the period. Bridgewater Associates LP lifted its position in SM Energy by 136.5% during the third quarter. Bridgewater Associates LP now owns 484,119 shares of the energy company's stock worth $19,350,000 after buying an additional 279,417 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in SM Energy during the fourth quarter worth about $9,924,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

SM has been the subject of several research analyst reports. Stephens restated an "overweight" rating and set a $57.00 price target on shares of SM Energy in a research note on Thursday, January 2nd. Raymond James dropped their price target on SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. StockNews.com lowered SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Wells Fargo & Company dropped their price target on SM Energy from $47.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 17th. Finally, Truist Financial increased their target price on SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Seven investment 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $49.00.

Insiders Place Their Bets

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of SM Energy stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $32.36 per share, with a total value of $226,520.00. Following the acquisition, the director now directly owns 14,666 shares in the company, valued at approximately $474,591.76. This represents a 91.31 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

SM Energy Stock Up 0.2 %

SM traded up $0.06 on Tuesday, reaching $30.32. The company's stock had a trading volume of 2,465,612 shares, compared to its average volume of 1,668,847. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 4.54 and a beta of 4.14. SM Energy has a 1 year low of $26.66 and a 1 year high of $53.26. 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 business's 50 day moving average is $36.98 and its 200 day moving average is $40.11.

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

SM Energy Announces Dividend

The company 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 2.64%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy's dividend payout ratio is presently 11.98%.

SM Energy 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.