SM Energy (NYSE:SM) Shares Purchased by Magnetar Financial LLC

Magnetar Financial LLC grew its position in SM Energy (NYSE:SM - Free Report) by 202.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,787 shares of the energy company's stock after buying an additional 27,981 shares during the period. Magnetar Financial LLC's holdings in SM Energy were worth $1,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SM. Victory Capital Management Inc. grew its position in SM Energy by 30.4% in the third quarter. Victory Capital Management Inc. now owns 102,324 shares of the energy company's stock worth $4,090,000 after acquiring an additional 23,831 shares during the period. KBC Group NV raised its position in SM Energy by 16.7% in the third quarter. KBC Group NV now owns 3,321 shares of the energy company's stock valued at $133,000 after purchasing an additional 476 shares during the period. Quest Partners LLC acquired a new position in shares of SM Energy in the 3rd quarter valued at $625,000. Pathstone Holdings LLC grew its holdings in shares of SM Energy by 8.8% during the 3rd quarter. Pathstone Holdings LLC now owns 41,828 shares of the energy company's stock worth $1,672,000 after purchasing an additional 3,395 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in shares of SM Energy by 3.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 123,698 shares of the energy company's stock worth $4,944,000 after purchasing an additional 4,108 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

Remove Ads

SM Energy Stock Down 3.9 %

Shares of SM stock traded down $1.24 during trading hours on Tuesday, reaching $30.57. 2,272,327 shares of the stock were exchanged, compared to its average volume of 1,703,564. The business's fifty day moving average is $35.78 and its two-hundred day moving average is $39.67. The firm has a market capitalization of $3.50 billion, a P/E ratio of 4.58 and a beta of 4.14. SM Energy has a 12-month low of $26.66 and a 12-month high of $53.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 EPS 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%. As a group, research analysts expect that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Friday, January 24th. SM Energy's dividend payout ratio is presently 11.98%.

Analyst Ratings Changes

SM has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased 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. Stephens restated an "overweight" rating and issued a $57.00 price objective on shares of SM Energy in a report on Thursday, January 2nd. Truist Financial boosted their target price on SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Williams Trading set a $41.00 price target on SM Energy in a research report on Wednesday, March 5th. Finally, StockNews.com lowered SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SM Energy currently has an average rating of "Moderate Buy" and a consensus target price of $48.00.

Insiders Place Their Bets

In related news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were bought at an average price 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.

About SM Energy

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.