Los Angeles Capital Management LLC Has $2.62 Million Stake in SM Energy (NYSE:SM)

Los Angeles Capital Management LLC boosted its stake in shares of SM Energy (NYSE:SM - Free Report) by 79.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 65,421 shares of the energy company's stock after acquiring an additional 28,920 shares during the period. Los Angeles Capital Management LLC owned about 0.06% of SM Energy worth $2,615,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in SM Energy by 9.4% during the first quarter. Janney Montgomery Scott LLC now owns 9,434 shares of the energy company's stock worth $470,000 after purchasing an additional 813 shares during the last quarter. SG Americas Securities LLC acquired a new stake in SM Energy in the first quarter valued at approximately $710,000. Sei Investments Co. raised its holdings in SM Energy by 74.6% in the first quarter. Sei Investments Co. now owns 98,591 shares of the energy company's stock valued at $4,915,000 after acquiring an additional 42,122 shares in the last quarter. Headlands Technologies LLC acquired a new stake in SM Energy in the first quarter valued at approximately $57,000. Finally, ProShare Advisors LLC raised its holdings in SM Energy by 5.4% during the first quarter. ProShare Advisors LLC now owns 23,365 shares of the energy company's stock worth $1,165,000 after purchasing an additional 1,202 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Stock Performance

SM stock traded up $0.31 during mid-day trading on Wednesday, reaching $43.72. The company had a trading volume of 741,694 shares, compared to its average volume of 1,725,745. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $5.00 billion, a P/E ratio of 6.11 and a beta of 4.18. SM Energy has a one year low of $34.13 and a one year high of $53.26. The stock's 50-day simple moving average is $42.06 and its two-hundred day simple moving average is $44.91.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business had revenue of $643.60 million for the quarter, compared to analysts' expectations of $643.67 million. During the same period in the previous year, the business earned $1.73 earnings per share. The company's revenue was up .4% on a year-over-year basis. Research analysts anticipate that SM Energy will post 6.77 EPS for the current year.

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. This is a boost from SM Energy's previous quarterly dividend of $0.18. SM Energy's dividend payout ratio (DPR) is currently 11.17%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SM. Truist Financial cut their target price on shares of SM Energy from $46.00 to $38.00 and set a "hold" rating on the stock in a report on Monday, September 30th. TD Cowen raised shares of SM Energy from a "hold" rating to a "buy" rating and cut their target price for the company from $64.00 to $60.00 in a report on Tuesday, October 15th. Susquehanna lowered their price objective on shares of SM Energy from $48.00 to $46.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Stephens lifted their price objective on shares of SM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company decreased their target price on shares of SM Energy from $48.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $50.73.

SM Energy Company Profile

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.