Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of SM Energy (NYSE:SM - Free Report) by 30.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 238,205 shares of the energy company's stock after purchasing an additional 55,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.21% of SM Energy worth $9,233,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Landscape Capital Management L.L.C. acquired a new stake in shares of SM Energy in the fourth quarter worth $294,000. Foundry Partners LLC boosted its position in SM Energy by 20.7% during the 4th quarter. Foundry Partners LLC now owns 195,761 shares of the energy company's stock worth $7,588,000 after purchasing an additional 33,601 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in SM Energy in the 4th quarter valued at $2,108,000. National Bank of Canada FI raised its position in SM Energy by 7.6% in the fourth quarter. National Bank of Canada FI now owns 6,975 shares of the energy company's stock valued at $270,000 after purchasing an additional 492 shares during the period. Finally, AIA Group Ltd acquired a new position in shares of SM Energy during the fourth quarter worth about $252,000. Institutional investors and hedge funds own 94.56% of the company's stock.
Insiders Place Their Bets
In related news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $32.36 per share, with a total value of $226,520.00. Following the acquisition, the director now owns 14,666 shares in the company, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.
SM Energy Stock Up 1.6 %
SM Energy stock traded up $0.35 during midday trading on Friday, hitting $21.59. The stock had a trading volume of 2,529,520 shares, compared to its average volume of 1,860,018. The business has a fifty day moving average price of $30.91 and a 200 day moving average price of $38.06. SM Energy has a 12 month low of $19.67 and a 12 month high of $52.83. The stock has a market cap of $2.47 billion, a P/E ratio of 3.23 and a beta of 3.75. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66.
SM Energy (NYSE:SM - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. Research analysts predict that SM Energy will post 8.1 EPS for the current year.
SM Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.80 annualized dividend and a yield of 3.71%. SM Energy's payout ratio is 11.98%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on SM. Stephens reiterated an "overweight" rating and set a $57.00 target price on shares of SM Energy in a report on Thursday, January 2nd. Raymond James dropped 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 note on Monday, March 10th. JPMorgan Chase & Co. decreased their target price on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. 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 note on Tuesday, March 25th. Finally, Truist Financial upped their price objective on shares of SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.00.
Read Our Latest Research Report on SM Energy
SM Energy Profile
(
Free Report)
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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