Centiva Capital LP Trims Holdings in SM Energy (NYSE:SM)

Centiva Capital LP lowered its position in SM Energy (NYSE:SM - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 42,429 shares of the energy company's stock after selling 19,602 shares during the quarter. Centiva Capital LP's holdings in SM Energy were worth $1,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gallacher Capital Management LLC lifted its holdings in SM Energy by 4.5% during the 4th quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company's stock worth $318,000 after purchasing an additional 350 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of SM Energy by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company's stock valued at $464,000 after acquiring an additional 379 shares during the period. Hillsdale Investment Management Inc. grew its stake in SM Energy by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 97,800 shares of the energy company's stock valued at $3,791,000 after acquiring an additional 400 shares in the last quarter. National Bank of Canada FI increased its holdings in SM Energy by 7.6% during the 4th quarter. National Bank of Canada FI now owns 6,975 shares of the energy company's stock worth $270,000 after acquiring an additional 492 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in SM Energy by 7.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,823 shares of the energy company's stock worth $291,000 after purchasing an additional 499 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $32.36 per share, with a total value of $226,520.00. Following the transaction, the director now owns 14,666 shares in the company, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Raymond James reduced their price target on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Williams Trading set a $41.00 target price on SM Energy in a research note on Wednesday, March 5th. KeyCorp dropped their price target on SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company dropped their target price on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. Finally, Truist Financial increased their price target on shares of SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, six have issued 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 target price of $44.00.

SM Energy Trading Up 1.4 %

SM stock traded up $0.32 during midday trading on Friday, hitting $23.15. The company had a trading volume of 1,756,346 shares, compared to its average volume of 1,947,519. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. SM Energy has a 52 week low of $19.67 and a 52 week high of $50.77. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 3.47 and a beta of 2.17. The stock's 50 day moving average price is $25.57 and its 200 day moving average price is $35.25.

SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.16. The firm had revenue of $844.54 million for the quarter, compared to analysts' expectations of $814.62 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The company's revenue for the quarter was up 50.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. As a group, equities research analysts expect that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 18th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.46%. SM Energy's dividend payout ratio is presently 11.20%.

SM Energy 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.