CoreCommodity Management LLC Has $4.06 Million Stock Position in SM Energy (NYSE:SM)

CoreCommodity Management LLC cut its stake in SM Energy (NYSE:SM - Free Report) by 15.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,812 shares of the energy company's stock after selling 18,602 shares during the quarter. SM Energy comprises about 0.8% of CoreCommodity Management LLC's portfolio, making the stock its 18th biggest position. CoreCommodity Management LLC owned approximately 0.09% of SM Energy worth $4,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd acquired a new position in SM Energy in the 4th quarter valued at $61,000. Global Retirement Partners LLC grew its position 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 acquiring an additional 736 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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 worth $159,000 after buying an additional 3,470 shares in the last quarter. Tower Research Capital LLC TRC grew its position 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 worth $183,000 after buying an additional 1,854 shares in the last quarter. Finally, KBC Group NV lifted its stake in 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 during the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SM Energy

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the purchase, the director now directly owns 14,666 shares of the company's stock, valued at $474,591.76. This trade represents a 91.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

SM Energy Stock Performance

Shares of SM traded up $1.54 during mid-day trading on Monday, hitting $24.70. The stock had a trading volume of 1,497,189 shares, compared to its average volume of 1,945,897. The company has a market cap of $2.83 billion, a PE ratio of 3.69 and a beta of 2.17. The company's fifty day simple moving average is $25.57 and its two-hundred day simple moving average is $35.19. 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 fifty-two week low of $19.67 and a fifty-two week high of $50.77.

SM Energy (NYSE:SM - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.60 by $0.16. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company had revenue of $844.54 million during the quarter, compared to analyst estimates of $814.62 million. During the same quarter last year, the firm earned $1.13 EPS. The business's revenue was up 50.8% on a year-over-year basis. On average, equities analysts expect that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Thursday, April 17th. SM Energy's dividend payout ratio is presently 11.20%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Raymond James cut their price target on SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. KeyCorp reduced their target price on SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Williams Trading set a $41.00 price objective on SM Energy in a report on Wednesday, March 5th. Susquehanna cut their price objective on SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial raised their price objective on SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.00.

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.