First Eagle Investment Management LLC Purchases 39,300 Shares of SM Energy (NYSE:SM)

First Eagle Investment Management LLC grew its stake in shares of SM Energy (NYSE:SM - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,603 shares of the energy company's stock after buying an additional 39,300 shares during the period. First Eagle Investment Management LLC owned 0.21% of SM Energy worth $9,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millburn Ridgefield Corp bought a new stake in shares of SM Energy during the third quarter valued at approximately $55,000. R Squared Ltd bought a new stake in SM Energy in the fourth quarter worth $61,000. Legacy Investment Solutions LLC bought a new stake in SM Energy in the third quarter worth $83,000. Global Retirement Partners LLC increased its position in SM Energy by 51.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock worth $84,000 after purchasing an additional 736 shares during the last quarter. Finally, KBC Group NV increased its position in SM Energy by 16.7% in the third quarter. KBC Group NV now owns 3,321 shares of the energy company's stock worth $133,000 after purchasing an additional 476 shares during the last quarter. Institutional investors own 94.56% of the company's stock.

Insider Buying and Selling

In other SM Energy news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the completion of the purchase, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

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Analyst Ratings Changes

Several brokerages recently weighed in on SM. Wells Fargo & Company reduced their price target on shares of SM Energy from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 17th. Stephens restated an "overweight" rating and issued a $57.00 price target on shares of SM Energy in a research report on Thursday, January 2nd. 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. Finally, Raymond James cut their price objective on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. 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's stock. According to data from MarketBeat.com, SM Energy has an average rating of "Moderate Buy" and a consensus target price of $49.00.

SM Energy Trading Up 2.9 %

Shares of SM traded up $0.88 during trading hours on Wednesday, reaching $31.18. 2,665,543 shares of the company traded hands, compared to its average volume of 1,671,289. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 4.67 and a beta of 4.14. SM Energy has a 12-month low of $26.66 and a 12-month 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 stock's fifty day moving average price is $36.73 and its 200 day moving average price is $40.00.

SM Energy (NYSE:SM - Get Free Report) last issued 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). The company had revenue of $852.22 million for the quarter, compared to analysts' expectations of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. Sell-side analysts forecast that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy's dividend payout ratio is currently 11.98%.

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.