SM Energy (NYSE:SM) Stake Raised by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its stake in SM Energy (NYSE:SM - Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 148,894 shares of the energy company's stock after purchasing an additional 25,196 shares during the period. Segall Bryant & Hamill LLC owned 0.13% of SM Energy worth $5,771,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SM. Raymond James Financial Inc. bought a new position in SM Energy during the fourth quarter worth $22,059,000. Fisher Asset Management LLC boosted its holdings in shares of SM Energy by 214.7% in the 4th quarter. Fisher Asset Management LLC now owns 519,302 shares of the energy company's stock valued at $20,128,000 after buying an additional 354,297 shares during the period. American Century Companies Inc. grew its position in shares of SM Energy by 8.8% during the 4th quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock valued at $142,718,000 after buying an additional 296,601 shares during the last quarter. Townsquare Capital LLC raised its stake in SM Energy by 267.4% during the third quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company's stock worth $15,633,000 after acquiring an additional 284,665 shares during the period. Finally, Bridgewater Associates LP lifted its holdings in SM Energy by 136.5% in the third quarter. Bridgewater Associates LP now owns 484,119 shares of the energy company's stock worth $19,350,000 after acquiring an additional 279,417 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Price Performance

Shares of SM traded up $0.53 during mid-day trading on Monday, hitting $29.93. The company's stock had a trading volume of 290,471 shares, compared to its average volume of 2,100,003. 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 firm has a 50-day moving average price of $34.68 and a 200 day moving average price of $39.41. SM Energy has a fifty-two week low of $26.66 and a fifty-two week high of $53.26. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 4.48 and a beta of 4.14.

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SM Energy (NYSE:SM - Get Free Report) last posted 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). The company had revenue of $852.22 million during the quarter, compared to the consensus estimate of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. On average, research analysts predict 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 will be paid on Monday, May 5th. Stockholders of record on Friday, April 18th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, April 17th. SM Energy's dividend payout ratio is 11.98%.

Insider Activity at SM Energy

In other news, Director Barton R. Brookman, Jr. purchased 7,000 shares of SM Energy stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the transaction, the director now owns 14,666 shares in the company, valued at $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SM shares. StockNews.com lowered SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Stephens reaffirmed an "overweight" rating and issued a $57.00 target price on shares of SM Energy in a research report on Thursday, January 2nd. Truist Financial boosted their price target on shares of SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a report on Monday, January 13th. Wells Fargo & Company dropped their price objective on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Finally, Williams Trading set a $41.00 target price on shares of SM Energy in a research report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $48.00.

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.