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

Collar Capital Management LLC acquired a new stake in shares of SM Energy (NYSE:SM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 64,170 shares of the energy company's stock, valued at approximately $2,487,000. SM Energy comprises approximately 2.1% of Collar Capital Management LLC's investment portfolio, making the stock its 15th biggest position. Collar Capital Management LLC owned approximately 0.06% of SM Energy as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SM. JPMorgan Chase & Co. boosted its stake in shares of SM Energy by 22.0% during the fourth quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock valued at $179,546,000 after purchasing an additional 835,929 shares during the period. First Trust Advisors LP raised its holdings in SM Energy by 40.1% during the 4th quarter. First Trust Advisors LP now owns 2,683,131 shares of the energy company's stock valued at $103,998,000 after buying an additional 767,779 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in SM Energy during the 4th quarter valued at $22,059,000. Fisher Asset Management LLC grew its holdings in SM Energy by 214.7% in the 4th quarter. Fisher Asset Management LLC now owns 519,302 shares of the energy company's stock worth $20,128,000 after acquiring an additional 354,297 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of SM Energy by 8.8% in the fourth quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock valued at $142,718,000 after acquiring an additional 296,601 shares during the period. Institutional investors own 94.56% of the company's stock.

Insider Transactions at SM Energy

In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $32.36 per share, for a total transaction 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 represents a 91.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company's stock.

SM Energy Stock Performance

NYSE SM traded up $0.32 during trading hours on Friday, hitting $23.15. The company's stock had a trading volume of 1,756,346 shares, compared to its average volume of 1,944,387. SM Energy has a 12 month low of $19.67 and a 12 month high of $51.22. The company's 50 day simple moving average is $25.57 and its two-hundred day simple moving average is $35.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. The company has a market cap of $2.65 billion, a P/E ratio of 3.47 and a beta of 2.17.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $814.62 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The business's quarterly revenue was up 50.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 EPS. As a group, sell-side analysts expect that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders 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 annualized dividend and a dividend yield of 3.46%. SM Energy's payout ratio is 11.20%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com downgraded SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. KeyCorp decreased their target price on SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Susquehanna cut their price target on shares of SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Truist Financial upped their price objective 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. Finally, Raymond James cut their target price on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Seven 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 has an average rating of "Moderate Buy" and an average target price of $44.00.

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.