Royce & Associates LP lifted its stake in shares of SM Energy (NYSE:SM - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 232,523 shares of the energy company's stock after acquiring an additional 14,644 shares during the quarter. Royce & Associates LP owned about 0.20% of SM Energy worth $9,013,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in SM. Barclays PLC raised its stake in shares of SM Energy by 47.3% in the third quarter. Barclays PLC now owns 250,218 shares of the energy company's stock valued at $10,002,000 after purchasing an additional 80,343 shares in the last quarter. National Bank of Canada FI bought a new position in shares of SM Energy during the third quarter valued at $259,000. World Investment Advisors LLC acquired a new stake in shares of SM Energy in the 3rd quarter valued at $3,048,000. Townsquare Capital LLC increased its position in shares of SM Energy by 267.4% during the 3rd quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company's stock worth $15,633,000 after purchasing an additional 284,665 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. raised its position in SM Energy by 7.3% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 178,750 shares of the energy company's stock valued at $7,145,000 after purchasing an additional 12,102 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on SM. Truist Financial boosted their target price 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. StockNews.com cut shares of SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Mizuho reduced their target price on SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Williams Trading set a $41.00 target price on SM Energy in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SM Energy currently has a consensus rating of "Moderate Buy" and an average price target of $49.00.
Get Our Latest Research Report on SM
SM Energy Trading Down 0.8 %
Shares of NYSE SM traded down $0.26 during midday trading on Friday, reaching $30.68. The stock had a trading volume of 10,003,134 shares, compared to its average volume of 1,703,475. SM Energy has a twelve month low of $26.66 and a twelve month 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. The company's 50 day moving average price is $36.02 and its 200 day moving average price is $39.77. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 4.59 and a beta of 4.14.
SM Energy (NYSE:SM - Get Free Report) last issued its quarterly 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 net margin of 28.63% and a return on equity of 19.82%. The firm had revenue of $852.22 million for the quarter, compared to the consensus estimate of $849.44 million. As a group, sell-side analysts expect that SM Energy will post 8.1 EPS for the current year.
SM Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, January 24th. This represents a $0.80 annualized dividend and a yield of 2.61%. SM Energy's dividend payout ratio is currently 11.98%.
Insiders Place Their Bets
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 purchased at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the acquisition, the director now owns 14,666 shares of the company's stock, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
About SM Energy
(
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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