Cibc World Markets Corp Makes New $415,000 Investment in SM Energy (NYSE:SM)

Cibc World Markets Corp acquired a new position in SM Energy (NYSE:SM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,708 shares of the energy company's stock, valued at approximately $415,000.

Several other large investors have also added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of SM Energy by 47.3% in the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company's stock worth $10,002,000 after purchasing an additional 80,343 shares in the last quarter. National Bank of Canada FI bought a new stake in SM Energy during the 3rd quarter worth approximately $259,000. World Investment Advisors LLC purchased a new position in shares of SM Energy during the 3rd quarter valued at $3,048,000. Pekin Hardy Strauss Inc. boosted its stake in shares of SM Energy by 7.3% in the third quarter. Pekin Hardy Strauss Inc. now owns 178,750 shares of the energy company's stock worth $7,145,000 after acquiring an additional 12,102 shares during the period. Finally, Townsquare Capital LLC grew its holdings in SM Energy by 267.4% during the 3rd quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company's stock valued at $15,633,000 after buying an additional 284,665 shares in the last quarter. Institutional investors own 94.56% of the company's stock.

SM Energy Trading Down 3.8 %

SM traded down $1.20 during mid-day trading on Tuesday, hitting $30.61. 1,091,712 shares of the stock were exchanged, compared to its average volume of 1,703,564. The company has a market cap of $3.50 billion, a PE ratio of 4.59 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 current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. The firm's fifty day moving average is $35.78 and its two-hundred day moving average is $39.67.

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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). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The company had revenue of $852.22 million during the quarter, compared to analysts' expectations of $849.44 million. Equities analysts forecast that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were issued a $0.20 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. SM Energy's payout ratio is currently 11.98%.

Insider Transactions at SM Energy

In related 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 purchased at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the purchase, the director now directly owns 14,666 shares of the company's stock, valued at $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SM shares. Truist Financial boosted their price target on shares of SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Williams Trading set a $41.00 price objective on shares of SM Energy in a research report on Wednesday, March 5th. Stephens restated an "overweight" rating and set a $57.00 price objective on shares of SM Energy in a report on Thursday, January 2nd. StockNews.com lowered shares of SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.00.

About SM Energy

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.