XTX Topco Ltd Purchases Shares of 50,824 SM Energy Company (NYSE:SM)

Key Points

• XTX Topco Ltd acquired 50,824 shares of SM Energy Company valued at approximately $1.52 million in Q1.
• Analysts have varied opinions on SM Energy, with KeyCorp reducing its target price significantly from $60.00 to $36.00 while TD Cowen upgraded the stock to a "strong-buy" rating.
• SM Energy announced a quarterly dividend of $0.20 per share, resulting in a 2.9% yield, with the ex-dividend date set for July 18th.

XTX Topco Ltd purchased a new stake in shares of SM Energy Company (NYSE:SM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 50,824 shares of the energy company's stock, valued at approximately $1,522,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Summit Investment Advisors Inc. grew its position in SM Energy by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company's stock valued at $464,000 after acquiring an additional 379 shares during the last quarter. Quantinno Capital Management LP grew its position in SM Energy by 6.4% in the 4th quarter. Quantinno Capital Management LP now owns 6,718 shares of the energy company's stock valued at $260,000 after acquiring an additional 402 shares during the last quarter. National Bank of Canada FI grew its position in SM Energy by 7.6% in the 4th quarter. National Bank of Canada FI now owns 6,975 shares of the energy company's stock valued at $270,000 after acquiring an additional 492 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in SM Energy by 7.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,823 shares of the energy company's stock valued at $291,000 after acquiring an additional 499 shares during the last quarter. Finally, Xponance Inc. grew its position in SM Energy by 6.3% in the 1st quarter. Xponance Inc. now owns 8,688 shares of the energy company's stock valued at $260,000 after acquiring an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company's stock.

SM Energy Stock Down 3.5%

Shares of NYSE SM traded down $0.96 during mid-day trading on Friday, reaching $26.63. 3,399,044 shares of the company were exchanged, compared to its average volume of 1,946,672. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 3.76 and a beta of 2.29. SM Energy Company has a 1 year low of $19.67 and a 1 year high of $47.69. The firm has a 50-day moving average of $26.23 and a 200 day moving average of $28.72.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.27. The firm had revenue of $792.94 million during the quarter, compared to analysts' expectations of $792.58 million. SM Energy had a return on equity of 18.43% and a net margin of 25.94%. The firm's quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 EPS. On average, research analysts expect that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 18th will be paid a $0.20 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. SM Energy's dividend payout ratio (DPR) is 11.20%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SM shares. Susquehanna upped their price objective on SM Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Mizuho increased their price target on SM Energy from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday. Stephens dropped their price target 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. KeyCorp dropped their price target 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. Finally, Raymond James Financial downgraded SM Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, SM Energy has an average rating of "Moderate Buy" and a consensus target price of $42.50.

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.