CoreCommodity Management LLC Reduces Stock Position in SM Energy (NYSE:SM)

CoreCommodity Management LLC trimmed its stake in shares of SM Energy (NYSE:SM - Free Report) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,812 shares of the energy company's stock after selling 18,602 shares during the period. SM Energy makes up 0.8% of CoreCommodity Management LLC's investment portfolio, making the stock its 18th largest holding. CoreCommodity Management LLC owned 0.09% of SM Energy worth $4,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SM. Gallacher Capital Management LLC increased its position in shares of SM Energy by 4.5% during the 4th quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company's stock valued at $318,000 after purchasing an additional 350 shares during the last quarter. Summit Investment Advisors Inc. grew its position in SM Energy by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company's stock valued at $464,000 after buying an additional 379 shares during the period. Hillsdale Investment Management Inc. increased its holdings 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 buying an additional 400 shares during the last quarter. National Bank of Canada FI raised its position in SM Energy by 7.6% in the fourth 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 boosted its stake in shares of SM Energy by 7.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,823 shares of the energy company's stock worth $291,000 after acquiring an additional 499 shares during the last quarter. 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 firm's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company's stock.

SM Energy Price Performance

Shares of NYSE:SM opened at $21.60 on Wednesday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 3.23 and a beta of 2.17. The firm has a fifty day moving average price of $26.06 and a 200 day moving average price of $35.66. SM Energy has a fifty-two week low of $19.67 and a fifty-two week high of $51.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55.

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

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 18th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Thursday, April 17th. SM Energy's payout ratio is 11.20%.

Wall Street Analysts Forecast Growth

SM has been the topic of a number of recent research reports. StockNews.com cut SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Williams Trading set a $41.00 price objective on SM Energy in a research note on Wednesday, March 5th. Wells Fargo & Company lowered their price objective on SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Raymond James reduced their target price on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Finally, KeyCorp decreased their target price on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, SM Energy presently has a consensus rating of "Moderate Buy" and an average target price 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.

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