F M Investments LLC Purchases 33,286 Shares of SM Energy (NYSE:SM)

F M Investments LLC increased its holdings in shares of SM Energy (NYSE:SM - Free Report) by 30.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,440 shares of the energy company's stock after purchasing an additional 33,286 shares during the quarter. F M Investments LLC owned 0.12% of SM Energy worth $5,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Jupiter Asset Management Ltd. purchased a new position in shares of SM Energy during the first quarter valued at about $5,614,000. Foundry Partners LLC grew its holdings in shares of SM Energy by 1,733.5% during the first quarter. Foundry Partners LLC now owns 102,307 shares of the energy company's stock valued at $5,100,000 after buying an additional 96,727 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of SM Energy in the first quarter worth $710,000. Wedge Capital Management L L P NC lifted its holdings 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 valued at $25,646,000 after acquiring an additional 27,405 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of SM Energy by 19.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 764,118 shares of the energy company's stock worth $38,093,000 after acquiring an additional 124,450 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company's stock.

SM Energy Stock Performance

Shares of SM Energy stock traded down $1.69 on Friday, reaching $40.28. The stock had a trading volume of 3,384,701 shares, compared to its average volume of 1,457,898. The stock has a market cap of $4.61 billion, a P/E ratio of 5.63 and a beta of 4.18. SM Energy has a fifty-two week low of $34.13 and a fifty-two week high of $53.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The business's 50-day moving average price is $42.43 and its two-hundred day moving average price is $45.27.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.10. SM Energy had a return on equity of 20.07% and a net margin of 33.89%. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. During the same quarter last year, the firm earned $1.73 EPS. SM Energy's revenue for the quarter was up .4% compared to the same quarter last year. On average, sell-side analysts forecast that SM Energy will post 7.05 EPS for the current year.

SM Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Friday, October 25th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.99%. This is an increase from SM Energy's previous quarterly dividend of $0.18. The ex-dividend date is Friday, October 25th. SM Energy's dividend payout ratio (DPR) is currently 11.17%.

Wall Street Analyst Weigh In

SM has been the topic of a number of recent research reports. TD Cowen raised SM Energy from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $64.00 to $60.00 in a research note on Tuesday, October 15th. BMO Capital Markets lowered their target price on SM Energy from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price objective on SM Energy from $50.00 to $54.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Stephens lifted their price target on shares of SM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $50.00 price objective on shares of SM Energy in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $51.18.

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.