JPMorgan Chase & Co. lifted its holdings in SM Energy (NYSE:SM - Free Report) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,632,255 shares of the energy company's stock after acquiring an additional 835,929 shares during the quarter. JPMorgan Chase & Co. owned approximately 4.05% of SM Energy worth $179,546,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Millburn Ridgefield Corp bought a new position in shares of SM Energy in the third quarter worth about $55,000. R Squared Ltd bought a new position in SM Energy in the 4th quarter worth approximately $61,000. Legacy Investment Solutions LLC acquired a new position in SM Energy during the 3rd quarter worth $83,000. Global Retirement Partners LLC boosted its position in SM Energy by 51.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock valued at $84,000 after buying an additional 736 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of SM Energy by 517.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock valued at $159,000 after buying an additional 3,470 shares during the period. 94.56% of the stock is currently owned by institutional investors.
SM Energy Trading Down 16.7 %
NYSE:SM traded down $5.09 on Thursday, reaching $25.43. The company's stock had a trading volume of 4,465,674 shares, compared to its average volume of 2,174,495. The firm has a market cap of $2.91 billion, a PE ratio of 3.81 and a beta of 3.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The business's 50-day moving average price is $33.95 and its two-hundred day moving average price is $39.22. SM Energy has a 1-year low of $25.32 and a 1-year high of $53.26.
SM Energy (NYSE:SM - Get Free Report) last announced 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 company had revenue of $852.22 million for 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%. Equities research analysts anticipate that SM Energy will post 8.1 earnings per share for the current fiscal year.
SM Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 18th will be given a $0.20 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.80 annualized dividend and a yield of 3.15%. SM Energy's dividend payout ratio is currently 11.98%.
Analyst Ratings Changes
Several brokerages have recently issued reports on SM. JPMorgan Chase & Co. cut their price target on SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company cut their target price 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, March 25th. Mizuho lowered their price target 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. StockNews.com lowered shares of SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Raymond James lowered their target price on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Seven equities research 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 stock. According to MarketBeat.com, SM Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.00.
Get Our Latest Report on SM Energy
Insider Buying and Selling
In other news, Director Barton R. Brookman, Jr. purchased 7,000 shares of SM Energy stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $32.36 per share, with a total value of $226,520.00. Following the transaction, the director now directly owns 14,666 shares in the company, valued at $474,591.76. The trade was a 91.31 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company's stock.
SM Energy Company 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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