11,178 Shares in SM Energy (NYSE:SM) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in SM Energy (NYSE:SM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,178 shares of the energy company's stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp raised its position in SM Energy by 1.9% in the third quarter. State Street Corp now owns 6,287,815 shares of the energy company's stock valued at $251,324,000 after purchasing an additional 114,664 shares during the period. American Century Companies Inc. grew its stake in SM Energy by 8.8% during the 4th quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock worth $142,718,000 after buying an additional 296,601 shares during the last quarter. Geode Capital Management LLC increased its position in SM Energy by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,693,372 shares of the energy company's stock worth $107,675,000 after buying an additional 29,911 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in SM Energy by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,255,841 shares of the energy company's stock valued at $48,676,000 after buying an additional 32,803 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of SM Energy by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,234,890 shares of the energy company's stock valued at $47,864,000 after acquiring an additional 25,857 shares during the period. Institutional investors and hedge funds own 94.56% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SM. Williams Trading set a $41.00 price objective on shares of SM Energy in a research report on Wednesday, March 5th. Stephens reissued an "overweight" rating and issued a $57.00 price objective on shares of SM Energy in a research note on Thursday, January 2nd. Raymond James decreased their target price on SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Wells Fargo & Company dropped their price target on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Mizuho reduced their price objective on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Seven research 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. According to MarketBeat, SM Energy has an average rating of "Moderate Buy" and an average target price of $48.00.

SM Energy Trading Down 2.8 %

Shares of SM stock traded down $0.83 during trading hours on Friday, reaching $29.42. 1,378,626 shares of the stock traded hands, compared to its average volume of 1,788,629. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3.37 billion, a PE ratio of 4.40 and a beta of 4.14. SM Energy has a 1-year low of $26.66 and a 1-year high of $53.26. The business has a fifty day moving average price of $34.68 and a 200 day moving average price of $39.40.

SM Energy (NYSE:SM - Get Free Report) last released 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 business had revenue of $852.22 million during 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, equities research analysts forecast that SM Energy will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 18th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, April 17th. SM Energy's dividend payout ratio is currently 11.98%.

Insider Buying and Selling

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the purchase, the director now directly owns 14,666 shares of the company's stock, valued at $474,591.76. This trade represents a 91.31 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

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.