Geode Capital Management LLC Sells 14,243 Shares of SM Energy (NYSE:SM)

Geode Capital Management LLC decreased its position in SM Energy (NYSE:SM - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,679,129 shares of the energy company's stock after selling 14,243 shares during the period. Geode Capital Management LLC owned about 2.34% of SM Energy worth $103,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in SM Energy by 22.0% during the fourth quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock valued at $179,546,000 after purchasing an additional 835,929 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SM Energy in the fourth quarter worth $22,059,000. Fisher Asset Management LLC raised its holdings in shares of SM Energy by 214.7% during the fourth quarter. Fisher Asset Management LLC now owns 519,302 shares of the energy company's stock worth $20,128,000 after acquiring an additional 354,297 shares in the last quarter. American Century Companies Inc. boosted its position in SM Energy by 8.8% during the fourth quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock valued at $142,718,000 after purchasing an additional 296,601 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its position in SM Energy by 221.4% in the 4th quarter. Brandywine Global Investment Management LLC now owns 388,761 shares of the energy company's stock worth $15,068,000 after purchasing an additional 267,789 shares during the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the transaction, the director now owns 14,666 shares in the company, valued at approximately $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 SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com lowered SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Williams Trading set a $41.00 price target on shares of SM Energy in a research note on Wednesday, March 5th. Truist Financial upped their price objective on shares of SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Mizuho cut 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, Wells Fargo & Company decreased their price target on SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $47.83.

SM Energy Stock Performance

SM stock traded up $0.04 on Tuesday, reaching $22.00. 342,684 shares of the company were exchanged, compared to its average volume of 1,857,066. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. SM Energy has a 12 month low of $19.67 and a 12 month high of $51.94. The stock's fifty day moving average price is $30.60 and its 200 day moving average price is $37.94. The firm has a market capitalization of $2.52 billion, a PE ratio of 3.28 and a beta of 3.75.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($0.09). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The company had revenue of $852.22 million for the quarter, compared to analyst estimates of $849.44 million. On average, research analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders 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 3.64%. The ex-dividend date of this dividend is Thursday, April 17th. SM Energy's payout ratio is presently 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.