27,757 Shares in SM Energy (NYSE:SM) Acquired by Sciencast Management LP

Sciencast Management LP purchased a new stake in shares of SM Energy (NYSE:SM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,757 shares of the energy company's stock, valued at approximately $1,076,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SM. Barclays PLC boosted its holdings in SM Energy by 47.3% during the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company's stock valued at $10,002,000 after acquiring an additional 80,343 shares during the period. National Bank of Canada FI purchased a new position in shares of SM Energy in the third quarter valued at approximately $259,000. World Investment Advisors LLC acquired a new position in shares of SM Energy in the third quarter valued at approximately $3,048,000. Townsquare Capital LLC grew its holdings in shares of SM Energy by 267.4% in the third quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company's stock valued at $15,633,000 after purchasing an additional 284,665 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. increased its stake in SM Energy by 7.3% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 178,750 shares of the energy company's stock worth $7,145,000 after buying an additional 12,102 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.

SM Energy Price Performance

Shares of NYSE:SM traded down $0.93 during midday trading on Tuesday, hitting $30.88. 1,381,048 shares of the stock were exchanged, compared to its average volume of 1,703,564. SM Energy has a twelve month low of $26.66 and a twelve month high of $53.26. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average price of $35.78 and a 200-day moving average price of $39.67. The stock has a market cap of $3.53 billion, a P/E ratio of 4.62 and a beta of 4.14.

Remove Ads

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 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 business had revenue of $852.22 million during the quarter, compared to analysts' expectations of $849.44 million. On average, research analysts forecast that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy's payout ratio is 11.98%.

Analyst Ratings Changes

SM has been the subject of several research reports. Truist Financial boosted their price target on shares of SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Wells Fargo & Company cut their price target on SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a report on Tuesday. StockNews.com cut SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Mizuho cut their target price on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, Williams Trading set a $41.00 price target on shares of SM Energy in a research note on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $48.00.

Insider Activity

In other SM Energy news, Director Barton R. Brookman, Jr. purchased 7,000 shares of SM Energy 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 purchase, the director now directly owns 14,666 shares in the company, valued at $474,591.76. This trade represents a 91.31 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company's stock.

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.