Y Intercept Hong Kong Ltd Reduces Holdings in SM Energy (NYSE:SM)

Y Intercept Hong Kong Ltd lowered its holdings in SM Energy (NYSE:SM - Free Report) by 62.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,319 shares of the energy company's stock after selling 13,913 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in SM Energy were worth $322,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SM. Harbor Capital Advisors Inc. purchased a new stake in shares of SM Energy during the 3rd quarter worth $30,000. Millburn Ridgefield Corp purchased a new stake in shares of SM Energy during the third quarter valued at about $55,000. International Assets Investment Management LLC lifted its position in shares of SM Energy by 3,897.2% during the third quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company's stock valued at $58,000 after buying an additional 1,403 shares during the last quarter. R Squared Ltd bought a new stake in shares of SM Energy in the 4th quarter valued at about $61,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of SM Energy during the 3rd quarter worth approximately $83,000. Institutional investors own 94.56% of the company's stock.

Analyst Upgrades and Downgrades

SM has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Susquehanna dropped their target price on SM Energy from $48.00 to $46.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Stephens reiterated an "overweight" rating and issued a $57.00 price target on shares of SM Energy in a research note on Thursday, January 2nd. JPMorgan Chase & Co. restated a "neutral" rating and set a $53.00 price target (up previously from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Finally, Mizuho cut their price objective on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.90.

SM Energy Stock Performance

NYSE:SM traded down $1.26 during mid-day trading on Wednesday, hitting $27.60. The company's stock had a trading volume of 2,993,710 shares, compared to its average volume of 1,678,979. The business's fifty day moving average is $38.84 and its two-hundred day moving average is $41.18. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 4.13 and a beta of 4.14. 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 has a 1 year low of $26.66 and a 1 year high of $53.26.

SM Energy (NYSE:SM - Get Free Report) last issued its earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company had revenue of $852.22 million during the quarter, compared to analysts' expectations of $849.44 million. Analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy's dividend payout ratio (DPR) is presently 11.98%.

Insider Transactions at SM Energy

In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of SM Energy stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost 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 represents a 91.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company's stock.

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.