SM Energy (NYSE:SM) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in SM Energy (NYSE:SM - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 718,963 shares of the energy company's stock after selling 19,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.63% of SM Energy worth $27,867,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in SM Energy in the 4th quarter valued at approximately $61,000. Global Retirement Partners LLC lifted its position in shares of SM Energy by 51.0% in the fourth 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. 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 buying an additional 3,470 shares during the period. KBC Group NV lifted its holdings in shares of SM Energy by 46.2% during the fourth quarter. KBC Group NV now owns 4,854 shares of the energy company's stock worth $188,000 after buying an additional 1,533 shares in the last quarter. Finally, Heritage Family Offices LLP raised its position 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 buying an additional 726 shares in the last quarter. 94.56% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the acquisition, the director now directly owns 14,666 shares in the company, valued at approximately $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

SM Energy Trading Down 1.0 %

SM stock traded down $0.21 during trading on Tuesday, reaching $21.75. The company had a trading volume of 1,682,908 shares, compared to its average volume of 1,862,979. The company has a market cap of $2.49 billion, a P/E ratio of 3.26 and a beta of 3.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. The business has a 50 day moving average of $30.60 and a 200 day moving average of $37.94. SM Energy has a 52 week low of $19.67 and a 52 week high of $51.94.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (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 the consensus estimate of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. As a group, sell-side analysts forecast that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 18th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.68%. The ex-dividend date is Thursday, April 17th. SM Energy's dividend payout ratio (DPR) is presently 11.98%.

Wall Street Analyst Weigh In

SM has been the subject of several research analyst reports. StockNews.com downgraded SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Truist Financial raised their price target on shares of SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Raymond James reduced their price objective on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Stephens decreased their target price on SM Energy from $62.00 to $55.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, 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 report on Thursday, March 13th. 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's stock. According to data from MarketBeat.com, SM Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.83.

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.