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Jefferies Financial Group Inc. Buys New Stake in SM Energy Company (NYSE:SM)

SM Energy logo with Energy background

Key Points

  • Jefferies Financial Group Inc. acquired 21,888 shares of SM Energy, valued at approximately $656,000, in the 1st quarter.
  • SM Energy reported an EPS of $1.50 for the last quarter, exceeding estimates and marking a 25% increase in revenue year-over-year.
  • The company announced a quarterly dividend of $0.20 per share, resulting in an annual dividend yield of 2.9%.
  • MarketBeat previews the top five stocks to own by September 1st.

Jefferies Financial Group Inc. acquired a new position in shares of SM Energy Company (NYSE:SM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,888 shares of the energy company's stock, valued at approximately $656,000.

Several other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in SM Energy by 200.8% in the first quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company's stock valued at $34,000 after acquiring an additional 747 shares during the period. Byrne Asset Management LLC lifted its stake in shares of SM Energy by 172.8% in the first quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company's stock valued at $44,000 after purchasing an additional 933 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in SM Energy by 80.7% during the first quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company's stock worth $46,000 after buying an additional 679 shares in the last quarter. CWM LLC grew its position in SM Energy by 34.0% during the first quarter. CWM LLC now owns 3,760 shares of the energy company's stock worth $113,000 after buying an additional 955 shares during the period. Finally, Portside Wealth Group LLC purchased a new position in SM Energy in the first quarter valued at about $164,000. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Trading Down 2.1%

SM Energy stock traded down $0.58 during trading on Wednesday, hitting $26.83. The company's stock had a trading volume of 2,182,706 shares, compared to its average volume of 2,118,603. The stock's fifty day moving average is $26.38 and its 200 day moving average is $28.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.57 and a current ratio of 0.69. SM Energy Company has a 1-year low of $19.67 and a 1-year high of $47.69. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 3.79 and a beta of 2.29.

SM Energy (NYSE:SM - Get Free Report) last released its earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.27. The firm had revenue of $792.94 million during the quarter, compared to the consensus estimate of $792.58 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. SM Energy's revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. As a group, equities research analysts predict that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 4th. Stockholders of record on Friday, July 18th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. SM Energy's payout ratio is presently 11.30%.

Wall Street Analyst Weigh In

SM has been the subject of a number of research reports. Stephens reduced their price target on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company lowered their target price on SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. Raymond James Financial lowered shares of SM Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. KeyCorp cut their target price on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Mizuho increased their price target on shares of SM Energy from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

Check Out Our Latest Stock Report on SM Energy

About SM Energy

(Free Report)

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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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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