Jupiter Asset Management Ltd. Has $12.05 Million Stock Holdings in SM Energy (NYSE:SM)

Jupiter Asset Management Ltd. trimmed its holdings in SM Energy (NYSE:SM - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 310,965 shares of the energy company's stock after selling 104,750 shares during the period. Jupiter Asset Management Ltd. owned 0.27% of SM Energy worth $12,053,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp lifted its position in shares of SM Energy by 1.9% in the third quarter. State Street Corp now owns 6,287,815 shares of the energy company's stock valued at $251,324,000 after buying an additional 114,664 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of SM Energy by 2,515.6% in the third quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company's stock valued at $178,404,000 after buying an additional 4,292,793 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of SM Energy by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,693,372 shares of the energy company's stock valued at $107,675,000 after buying an additional 29,911 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of SM Energy by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,255,841 shares of the energy company's stock valued at $48,676,000 after buying an additional 32,803 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of SM Energy by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,234,890 shares of the energy company's stock valued at $47,864,000 after buying an additional 25,857 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial increased their target price on SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Williams Trading set a $41.00 price target on SM Energy in a research note on Wednesday, March 5th. Stephens reiterated an "overweight" rating and issued a $57.00 price target on shares of SM Energy in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price target on SM Energy from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Finally, Mizuho decreased their price target on SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, SM Energy presently has a consensus rating of "Moderate Buy" and an average price target of $50.00.

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Insiders Place Their Bets

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $32.36 per share, with a total value of $226,520.00. Following the acquisition, the director now owns 14,666 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company's stock.

SM Energy Trading Up 2.6 %

NYSE SM opened at $29.84 on Thursday. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. SM Energy has a twelve month low of $26.66 and a twelve month high of $53.26. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 4.47 and a beta of 4.14. The business's fifty day moving average is $37.63 and its 200 day moving average is $40.51.

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

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy's payout ratio is presently 11.98%.

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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