SM Energy (NYSE:SM) Shares Bought by Jump Financial LLC

Jump Financial LLC lifted its position in SM Energy (NYSE:SM - Free Report) by 196.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,878 shares of the energy company's stock after purchasing an additional 12,511 shares during the period. Jump Financial LLC's holdings in SM Energy were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in SM Energy in the 4th quarter valued at $61,000. Global Retirement Partners LLC raised its holdings 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 acquiring an additional 736 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of SM Energy by 517.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock worth $159,000 after purchasing an additional 3,470 shares during the last quarter. KBC Group NV grew its position in shares of SM Energy by 46.2% in the fourth quarter. KBC Group NV now owns 4,854 shares of the energy company's stock valued at $188,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Heritage Family Offices LLP increased its holdings in shares of SM Energy by 13.2% in the fourth quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company's stock valued at $242,000 after purchasing an additional 726 shares during the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.

SM Energy Stock Up 1.3 %

SM stock traded up $0.31 during midday trading on Friday, reaching $23.48. 1,368,989 shares of the company were exchanged, compared to its average volume of 1,886,512. The stock's 50-day simple moving average is $27.72 and its 200 day simple moving average is $36.74. SM Energy has a 1-year low of $19.67 and a 1-year high of $51.94. 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 company has a market cap of $2.69 billion, a price-to-earnings ratio of 3.51 and a beta of 3.75.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $852.22 million during the quarter, compared to analysts' expectations of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. On average, equities analysts forecast that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 18th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, April 17th. SM Energy's payout ratio is 11.98%.

Insider Buying and Selling at SM Energy

In other news, Director Barton R. Brookman, Jr. acquired 7,000 shares of SM Energy stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $32.36 per share, with a total value of $226,520.00. Following the completion of the acquisition, the director now owns 14,666 shares in the company, valued at $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 available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SM shares. Wells Fargo & Company decreased their price objective on SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Stephens cut their price objective on SM Energy from $62.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Susquehanna lowered their target price on shares of SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday. KeyCorp decreased their price objective on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Raymond James cut their target price on SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.00.

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.