144,895 Shares in SM Energy (NYSE:SM) Bought by Capital Fund Management S.A.

Capital Fund Management S.A. acquired a new stake in SM Energy (NYSE:SM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 144,895 shares of the energy company's stock, valued at approximately $5,616,000. Capital Fund Management S.A. owned about 0.13% of SM Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SM. R Squared Ltd acquired a new stake in shares of SM Energy in the fourth quarter worth $61,000. Global Retirement Partners LLC increased its holdings in 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 purchasing an additional 736 shares in the last quarter. Smartleaf Asset Management LLC raised its position in SM Energy by 517.9% in 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. KBC Group NV lifted its stake in shares of SM Energy by 46.2% during the fourth quarter. KBC Group NV now owns 4,854 shares of the energy company's stock worth $188,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its position in shares of SM Energy by 13.2% in the fourth quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company's stock worth $242,000 after buying an additional 726 shares during the period. Hedge funds and other institutional investors own 94.56% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on SM. StockNews.com downgraded shares of SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Truist Financial boosted their price target on SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Stephens lowered their price objective on SM Energy from $62.00 to $55.00 and set an "overweight" rating for the company in a research note on Tuesday. Raymond James cut their target price on SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a research 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 research report on Thursday, March 13th. Seven 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 company's stock. According to MarketBeat.com, SM Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

Insider Activity at SM Energy

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $32.36 per share, with a total value of $226,520.00. Following the completion of the transaction, the director now owns 14,666 shares of the company's stock, valued at $474,591.76. This trade represents a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.

SM Energy Price Performance

NYSE:SM traded up $0.62 on Friday, reaching $22.94. The stock had a trading volume of 2,060,791 shares, compared to its average volume of 1,868,323. The company has a market capitalization of $2.63 billion, a P/E ratio of 3.43 and a beta of 3.75. The stock has a fifty day moving average price of $29.66 and a 200-day moving average price of $37.60. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. SM Energy has a 1-year low of $19.67 and a 1-year high of $51.94.

SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.09). The company had revenue of $852.22 million for the quarter, compared to analyst estimates of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. Research analysts forecast 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 will be paid on Monday, May 5th. Investors of record on Friday, April 18th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Thursday, April 17th. SM Energy's dividend payout ratio (DPR) is currently 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.