Intech Investment Management LLC Has $3.80 Million Holdings in SM Energy (NYSE:SM)

Intech Investment Management LLC raised its position in shares of SM Energy (NYSE:SM - Free Report) by 344.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,140 shares of the energy company's stock after acquiring an additional 73,729 shares during the period. Intech Investment Management LLC owned approximately 0.08% of SM Energy worth $3,803,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SM. Los Angeles Capital Management LLC lifted its stake in shares of SM Energy by 79.2% in the third quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company's stock valued at $2,615,000 after buying an additional 28,920 shares during the period. Wedge Capital Management L L P NC raised its position in SM Energy by 4.8% in the second quarter. Wedge Capital Management L L P NC now owns 593,241 shares of the energy company's stock worth $25,646,000 after purchasing an additional 27,405 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position 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 purchasing an additional 124,450 shares in the last quarter. Janney Montgomery Scott LLC raised its position in SM Energy by 144.6% in the third quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company's stock worth $894,000 after purchasing an additional 13,215 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in SM Energy by 82.2% in the second quarter. Mackenzie Financial Corp now owns 411,103 shares of the energy company's stock worth $17,772,000 after purchasing an additional 185,433 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SM has been the subject of several recent analyst reports. Truist Financial dropped their price objective on shares of SM Energy from $46.00 to $38.00 and set a "hold" rating for the company in a report on Monday, September 30th. Tudor Pickering raised shares of SM Energy to a "strong-buy" rating in a report on Wednesday, August 21st. Stephens raised their price objective on shares of SM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. TD Cowen raised shares of SM Energy from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $64.00 to $60.00 in a report on Tuesday, October 15th. Finally, StockNews.com lowered shares of SM Energy from a "buy" rating to a "hold" rating in a report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, SM Energy presently has a consensus rating of "Moderate Buy" and an average target price of $51.09.

SM Energy Stock Up 1.3 %

NYSE:SM traded up $0.57 on Friday, hitting $46.03. 1,014,664 shares of the company's stock were exchanged, compared to its average volume of 1,334,863. The firm has a 50-day moving average price of $42.77 and a 200-day moving average price of $44.63. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26. The company has a market cap of $5.27 billion, a P/E ratio of 6.43 and a beta of 4.18.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $643.60 million for the quarter, compared to analysts' expectations of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The company's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 EPS. As a group, analysts expect that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were issued a $0.20 dividend. This is a boost from SM Energy's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, October 25th. SM Energy's dividend payout ratio is currently 11.17%.

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.