Everence Capital Management Inc. Trims Stock Position in SM Energy (NYSE:SM)

Everence Capital Management Inc. lowered its stake in SM Energy (NYSE:SM - Free Report) by 82.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,650 shares of the energy company's stock after selling 25,960 shares during the quarter. Everence Capital Management Inc.'s holdings in SM Energy were worth $219,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SM. Arizona State Retirement System lifted its position in shares of SM Energy by 1.4% in the second quarter. Arizona State Retirement System now owns 32,403 shares of the energy company's stock valued at $1,401,000 after acquiring an additional 437 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in SM Energy by 311.6% during the second quarter. Los Angeles Capital Management LLC now owns 36,501 shares of the energy company's stock worth $1,578,000 after acquiring an additional 27,633 shares during the last quarter. LSV Asset Management boosted its position in SM Energy by 283.3% during the second quarter. LSV Asset Management now owns 98,900 shares of the energy company's stock worth $4,275,000 after acquiring an additional 73,100 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in SM Energy during the 2nd quarter valued at about $132,000. Finally, Choreo LLC acquired a new stake in SM Energy in the 2nd quarter valued at about $793,000. Hedge funds and other institutional investors own 94.56% of the company's stock.

SM Energy Trading Down 0.2 %

Shares of NYSE SM traded down $0.08 during trading on Thursday, reaching $42.60. The stock had a trading volume of 1,740,147 shares, compared to its average volume of 1,353,063. The company has a market cap of $4.87 billion, a P/E ratio of 5.95 and a beta of 4.14. 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 business's 50-day moving average price is $41.58 and its 200-day moving average price is $42.88. SM Energy has a fifty-two week low of $34.76 and a fifty-two week high of $53.26.

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, topping the consensus estimate of $1.52 by $0.10. The business had revenue of $643.60 million during the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The company's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 earnings per share. On average, equities research analysts predict that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a $0.20 dividend. 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 1.88%. SM Energy's payout ratio is 11.17%.

Analyst Ratings Changes

SM has been the subject of a number of analyst reports. TD Cowen upgraded SM Energy from a "hold" rating to a "buy" rating and dropped their price target for the company from $64.00 to $60.00 in a research report on Tuesday, October 15th. Mizuho reduced their price target on SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Stephens reissued an "overweight" rating and issued a $57.00 price objective on shares of SM Energy in a report on Thursday, January 2nd. StockNews.com downgraded shares of SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, September 13th. Finally, KeyCorp dropped their price target on shares of SM Energy from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.20.

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.