Collar Capital Management LLC Invests $2.49 Million in SM Energy (NYSE:SM)

Collar Capital Management LLC purchased a new position in shares of SM Energy (NYSE:SM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 64,170 shares of the energy company's stock, valued at approximately $2,487,000. SM Energy makes up 2.1% of Collar Capital Management LLC's portfolio, making the stock its 15th largest position. Collar Capital Management LLC owned about 0.06% of SM Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of SM Energy during the fourth quarter worth $61,000. Global Retirement Partners LLC grew its position in SM Energy by 51.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock worth $84,000 after acquiring an additional 736 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of SM Energy by 517.9% during 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of SM Energy by 64.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company's stock valued at $183,000 after purchasing an additional 1,854 shares in the last quarter. Finally, KBC Group NV boosted 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 valued at $188,000 after purchasing an additional 1,533 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SM shares. Truist Financial increased their price objective on shares of SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Susquehanna decreased their price target on SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Stephens cut their price objective on SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, SM Energy currently has an average rating of "Moderate Buy" and an average price target of $44.00.

Insider Buying and Selling

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost 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 approximately $474,591.76. This trade represents a 91.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

SM Energy Trading Up 6.9%

SM Energy stock traded up $1.60 during mid-day trading on Monday, reaching $24.76. 1,497,189 shares of the company traded hands, compared to its average volume of 1,945,922. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. SM Energy has a 52-week low of $19.67 and a 52-week high of $50.77. The firm's 50 day moving average price is $25.57 and its 200 day moving average price is $35.19. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 3.69 and a beta of 2.17.

SM Energy (NYSE:SM - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy company reported $1.76 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 quarterly revenue was up 50.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS. On average, analysts anticipate that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 18th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, April 17th. SM Energy's dividend payout ratio is currently 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.