UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $16.86 Million Holdings in SM Energy (NYSE:SM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of SM Energy (NYSE:SM - Free Report) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 421,830 shares of the energy company's stock after selling 25,563 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.37% of SM Energy worth $16,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd raised its position in shares of SM Energy by 461.9% during the 2nd quarter. Plato Investment Management Ltd now owns 590 shares of the energy company's stock worth $26,000 after purchasing an additional 485 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of SM Energy during the 3rd quarter worth approximately $30,000. Mather Group LLC. acquired a new stake in shares of SM Energy during the 2nd quarter worth approximately $44,000. Blue Trust Inc. raised its position in shares of SM Energy by 3,434.5% during the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company's stock worth $44,000 after purchasing an additional 996 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of SM Energy by 3,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company's stock worth $58,000 after purchasing an additional 1,403 shares during the period. Institutional investors and hedge funds own 94.56% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SM shares. BMO Capital Markets decreased their price objective on SM Energy from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Friday, October 4th. Mizuho decreased their price objective on SM Energy from $62.00 to $57.00 and set an "outperform" rating for the company in a report on Monday, September 16th. StockNews.com lowered SM Energy from a "buy" rating to a "hold" rating in a report on Friday, September 13th. Susquehanna decreased their price objective on SM Energy from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $50.00 price objective on shares of SM Energy in a report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SM Energy currently has an average rating of "Moderate Buy" and an average price target of $51.00.

SM Energy Stock Down 3.9 %

Shares of SM Energy stock traded down $1.63 during midday trading on Friday, hitting $40.18. The company's stock had a trading volume of 1,543,923 shares, compared to its average volume of 955,414. The firm has a market capitalization of $4.60 billion, a P/E ratio of 5.61 and a beta of 4.14. The stock has a 50-day simple moving average of $43.36 and a 200-day simple moving average of $44.31. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a 1-year low of $34.13 and a 1-year high of $53.26.

SM Energy (NYSE:SM - Get Free Report) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. The business had revenue of $643.60 million during the quarter, compared to analysts' expectations of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. SM Energy's revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. As a group, sell-side analysts expect that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were given a dividend of $0.20 per share. This is a boost from SM Energy's previous quarterly dividend of $0.18. 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 1.99%. SM Energy's dividend payout ratio (DPR) is presently 11.17%.

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.