Quantbot Technologies LP boosted its holdings in SM Energy (NYSE:SM - Free Report) by 102.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,505 shares of the energy company's stock after acquiring an additional 26,109 shares during the quarter. Quantbot Technologies LP's holdings in SM Energy were worth $1,996,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new stake in SM Energy in the 3rd quarter valued at about $55,000. R Squared Ltd acquired a new position in SM Energy during the fourth quarter worth approximately $61,000. Legacy Investment Solutions LLC purchased a new stake in shares of SM Energy during the 3rd quarter worth about $83,000. Global Retirement Partners LLC raised its stake in shares of SM Energy by 51.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock valued at $84,000 after acquiring an additional 736 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of SM Energy by 517.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock valued at $159,000 after purchasing an additional 3,470 shares during the period. Institutional investors and hedge funds own 94.56% of the company's stock.
SM Energy Trading Down 3.3 %
SM traded down $1.06 during trading on Tuesday, reaching $30.75. 1,242,382 shares of the company's stock were exchanged, compared to its average volume of 1,703,564. The company's fifty day moving average price is $35.78 and its 200-day moving average price is $39.67. The firm has a market capitalization of $3.52 billion, a PE ratio of 4.61 and a beta of 4.14. SM Energy has a fifty-two week low of $26.66 and a fifty-two week high of $53.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55.
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 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 firm had revenue of $852.22 million for the quarter, compared to the consensus estimate of $849.44 million. As a group, equities analysts forecast that SM Energy will post 8.1 EPS for the current year.
SM Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy's payout ratio is presently 11.98%.
Insiders Place Their Bets
In related news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on SM shares. Stephens restated an "overweight" rating and set a $57.00 price objective on shares of SM Energy in a research note on Thursday, January 2nd. 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 report on Monday, January 13th. Raymond James cut their price target on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. reduced their price objective on SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company decreased their price objective on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a research note on Tuesday. Seven investment 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 stock. According to data from MarketBeat, SM Energy presently has a consensus rating of "Moderate Buy" and an average target price of $48.00.
Read Our Latest Stock Report on SM Energy
SM Energy Company Profile
(
Free Report)
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.
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