Quantbot Technologies LP Has $2 Million Stock Position in SM Energy (NYSE:SM)

Quantbot Technologies LP lifted its stake in SM Energy (NYSE:SM - Free Report) by 102.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,505 shares of the energy company's stock after purchasing an additional 26,109 shares during the period. Quantbot Technologies LP's holdings in SM Energy were worth $1,996,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SM. State Street Corp raised its stake in shares of SM Energy by 1.9% during the third quarter. State Street Corp now owns 6,287,815 shares of the energy company's stock worth $251,324,000 after buying an additional 114,664 shares during the last quarter. Geode Capital Management LLC grew its holdings in SM Energy by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,693,372 shares of the energy company's stock worth $107,675,000 after acquiring an additional 29,911 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of SM Energy by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,841 shares of the energy company's stock valued at $48,676,000 after acquiring an additional 32,803 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of SM Energy by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,234,890 shares of the energy company's stock valued at $47,864,000 after purchasing an additional 25,857 shares during the period. Finally, Channing Capital Management LLC boosted its position in shares of SM Energy by 6.3% in the 4th quarter. Channing Capital Management LLC now owns 1,167,033 shares of the energy company's stock worth $45,234,000 after purchasing an additional 68,774 shares during the last quarter. Institutional investors own 94.56% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Williams Trading set a $41.00 target price on SM Energy in a research note on Wednesday, March 5th. Wells Fargo & Company cut their price target on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Stephens restated an "overweight" rating and set a $57.00 price objective on shares of SM Energy in a report on Thursday, January 2nd. Raymond James cut their target price on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $48.00.

Insider Transactions at SM Energy

In related news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the purchase, the director now directly owns 14,666 shares in the company, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company's stock.

SM Energy Stock Down 1.8 %

Shares of SM stock traded down $0.57 on Thursday, hitting $30.23. 1,469,413 shares of the stock were exchanged, compared to its average volume of 1,709,225. 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 firm has a market capitalization of $3.46 billion, a P/E ratio of 4.52 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 business has a 50-day moving average of $35.23 and a 200 day moving average of $39.54.

SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $852.22 million during the quarter, compared to analyst estimates of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. Equities analysts anticipate that SM Energy will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 18th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.65%. SM Energy's dividend payout ratio (DPR) is presently 11.98%.

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.