SM Energy (NYSE:SM) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of SM Energy (NYSE:SM - Free Report) by 214.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,302 shares of the energy company's stock after purchasing an additional 354,297 shares during the quarter. Fisher Asset Management LLC owned about 0.45% of SM Energy worth $20,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SM. Harbor Capital Advisors Inc. acquired a new stake in SM Energy in the 3rd quarter worth approximately $30,000. Millburn Ridgefield Corp purchased a new stake in shares of SM Energy during the third quarter valued at $55,000. International Assets Investment Management LLC increased its position in shares of SM Energy by 3,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company's stock valued at $58,000 after acquiring an additional 1,403 shares during the period. R Squared Ltd acquired a new stake in SM Energy during the 4th quarter worth about $61,000. Finally, Legacy Investment Solutions LLC purchased a new stake in SM Energy during the 3rd quarter valued at about $83,000. 94.56% of the stock is currently owned by institutional investors.

SM Energy Trading Up 1.5 %

SM stock traded up $0.41 during trading on Friday, reaching $27.56. 2,560,349 shares of the stock were exchanged, compared to its average volume of 1,681,307. 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 has a market capitalization of $3.15 billion, a price-to-earnings ratio of 4.13 and a beta of 4.14. The business has a 50 day moving average price of $38.43 and a 200-day moving average price of $40.99. SM Energy has a 1 year low of $26.66 and a 1 year high of $53.26.

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SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.09). The firm 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%. On average, research analysts predict that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders 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 dividend yield of 2.90%. The ex-dividend date was Friday, January 24th. SM Energy's dividend payout ratio is presently 11.98%.

Insider Transactions at SM Energy

In related news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the firm's stock in a transaction dated 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 acquisition, the director now owns 14,666 shares in the company, valued at $474,591.76. The trade was a 91.31 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Stephens restated an "overweight" rating and issued a $57.00 price objective on shares of SM Energy in a research note on Thursday, January 2nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $53.00 price target (up from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. Truist Financial lifted their price objective on SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Mizuho dropped their target price on SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Finally, StockNews.com downgraded SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.90.

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.