Inspire Advisors LLC Has $604,000 Stake in SM Energy (NYSE:SM)

Inspire Advisors LLC grew its stake in SM Energy (NYSE:SM - Free Report) by 200.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,575 shares of the energy company's stock after purchasing an additional 10,389 shares during the period. Inspire Advisors LLC's holdings in SM Energy were worth $604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp grew its position in SM Energy by 1.9% in the 3rd quarter. State Street Corp now owns 6,287,815 shares of the energy company's stock worth $251,324,000 after purchasing an additional 114,664 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of SM Energy by 2,515.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company's stock worth $178,404,000 after acquiring an additional 4,292,793 shares during the period. Geode Capital Management LLC lifted its holdings in shares of SM Energy by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,693,372 shares of the energy company's stock worth $107,675,000 after acquiring an additional 29,911 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of SM Energy by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,841 shares of the energy company's stock worth $48,676,000 after acquiring an additional 32,803 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of SM Energy by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,234,890 shares of the energy company's stock worth $47,864,000 after acquiring an additional 25,857 shares during the period. 94.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on SM. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $53.00 price objective (up from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. Truist Financial raised 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 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 report on Monday, December 16th. Williams Trading set a $41.00 price objective on shares of SM Energy in a report on Wednesday, March 5th. Finally, Stephens reaffirmed an "overweight" rating and set a $57.00 price objective on shares of SM Energy in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, SM Energy presently has an average rating of "Moderate Buy" and a consensus target price of $50.00.

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SM Energy Trading Up 6.4 %

Shares of NYSE SM opened at $29.12 on Wednesday. SM Energy has a 1-year low of $26.66 and a 1-year high of $53.26. The company has a market cap of $3.33 billion, a PE ratio of 4.36 and a beta of 4.14. 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 company has a 50-day moving average of $37.81 and a two-hundred day moving average of $40.58.

SM Energy (NYSE:SM - Get Free Report) last announced its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing analysts' consensus estimates of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company had revenue of $852.22 million during the quarter, compared to the consensus estimate of $849.44 million. As a group, equities analysts expect that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy's dividend payout ratio is 11.98%.

Insider Transactions at SM Energy

In other SM Energy news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the transaction, the director now directly owns 14,666 shares in the company, valued at $474,591.76. This represents a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is 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.

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