Foundry Partners LLC Raises Stock Position in SM Energy (NYSE:SM)

Foundry Partners LLC grew its stake in shares of SM Energy (NYSE:SM - Free Report) by 26.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,160 shares of the energy company's stock after acquiring an additional 33,486 shares during the period. Foundry Partners LLC owned about 0.14% of SM Energy worth $6,482,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Los Angeles Capital Management LLC increased its position in SM Energy by 79.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company's stock valued at $2,615,000 after purchasing an additional 28,920 shares during the period. Wedge Capital Management L L P NC increased its holdings in SM Energy by 4.8% during the second quarter. Wedge Capital Management L L P NC now owns 593,241 shares of the energy company's stock valued at $25,646,000 after buying an additional 27,405 shares during the period. Price T Rowe Associates Inc. MD raised its stake in SM Energy by 19.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 764,118 shares of the energy company's stock worth $38,093,000 after buying an additional 124,450 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in SM Energy by 82.2% during the second quarter. Mackenzie Financial Corp now owns 411,103 shares of the energy company's stock worth $17,772,000 after buying an additional 185,433 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in SM Energy by 144.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company's stock valued at $894,000 after acquiring an additional 13,215 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company's stock.

SM Energy Price Performance

Shares of SM opened at $44.76 on Thursday. The firm has a market capitalization of $5.12 billion, a PE ratio of 6.25 and a beta of 4.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. The company's fifty day moving average price is $42.50 and its 200-day moving average price is $44.75. SM Energy has a 1-year low of $34.13 and a 1-year 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 earnings per share 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 for the quarter, compared to the consensus estimate of $643.67 million. During the same quarter in the previous year, the business earned $1.73 EPS. The company's quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that SM Energy will post 6.77 EPS for the current year.

SM Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 25th. This is a positive change from SM Energy's previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.79%. SM Energy's dividend payout ratio (DPR) is currently 11.17%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen raised SM Energy from a "hold" rating to a "buy" rating and reduced their price target for the stock from $64.00 to $60.00 in a research report on Tuesday, October 15th. Stephens increased their price target on shares of SM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of SM Energy from $50.00 to $54.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on shares of SM Energy from $43.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, StockNews.com cut shares of SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, SM Energy has a consensus rating of "Moderate Buy" and a consensus price target of $51.09.

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.

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