SM Energy (NYSE:SM) Shares Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC increased its stake in shares of SM Energy (NYSE:SM - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 349,268 shares of the energy company's stock after purchasing an additional 11,191 shares during the period. SM Energy makes up approximately 0.7% of Diversify Advisory Services LLC's investment portfolio, making the stock its 23rd largest position. Diversify Advisory Services LLC owned 0.31% of SM Energy worth $13,538,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in SM Energy by 15.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 566,099 shares of the energy company's stock worth $24,472,000 after buying an additional 75,754 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of SM Energy by 1.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 57,320 shares of the energy company's stock valued at $2,478,000 after purchasing an additional 613 shares in the last quarter. Blair William & Co. IL increased its holdings in SM Energy by 80.0% in the second quarter. Blair William & Co. IL now owns 11,250 shares of the energy company's stock valued at $486,000 after buying an additional 5,000 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of SM Energy during the 2nd quarter worth approximately $475,000. Finally, Inspire Investing LLC boosted its holdings in shares of SM Energy by 7.2% in the 2nd quarter. Inspire Investing LLC now owns 9,082 shares of the energy company's stock valued at $393,000 after buying an additional 613 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Stock Performance

NYSE SM traded down $0.88 during trading hours on Monday, hitting $43.24. 2,351,355 shares of the stock were exchanged, compared to its average volume of 1,159,765. SM Energy has a 12-month low of $34.90 and a 12-month high of $53.26. The stock has a 50-day moving average of $41.77 and a 200 day moving average of $42.74. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 6.04 and a beta of 4.14. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67.

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

SM Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on SM. Royal Bank of Canada restated a "sector perform" rating and issued a $50.00 price objective on shares of SM Energy in a research note on Tuesday, October 8th. KeyCorp dropped their price target on SM Energy from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Susquehanna reduced their price objective on SM Energy from $48.00 to $46.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Stephens restated an "overweight" rating and set a $57.00 target price on shares of SM Energy in a research report on Thursday, January 2nd. Finally, Mizuho decreased their price target on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Seven 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $51.90.

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.