67,059 Shares in SM Energy Company $SM Bought by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in SM Energy Company (NYSE:SM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,059 shares of the energy company's stock, valued at approximately $1,254,000. Aigen Investment Management LP owned 0.06% of SM Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. grew its stake in shares of SM Energy by 268.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,271,757 shares of the energy company's stock worth $42,482,000 after acquiring an additional 1,654,891 shares during the last quarter. Woodline Partners LP grew its stake in shares of SM Energy by 198.9% in the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company's stock worth $60,665,000 after acquiring an additional 1,616,822 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of SM Energy in the second quarter worth $25,179,000. Bank of America Corp DE grew its stake in shares of SM Energy by 53.5% in the third quarter. Bank of America Corp DE now owns 1,756,496 shares of the energy company's stock worth $43,860,000 after acquiring an additional 612,444 shares during the last quarter. Finally, Thomist Capital Management LP purchased a new stake in shares of SM Energy in the fourth quarter worth $10,384,000. 94.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $33.98, for a total value of $834,310.94. Following the transaction, the director owned 65,964 shares of the company's stock, valued at approximately $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.

SM Energy Trading Down 0.5%

Shares of NYSE:SM opened at $31.12 on Friday. The company has a market cap of $7.46 billion, a P/E ratio of 13.07 and a beta of 0.72. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88. The stock's fifty day moving average price is $30.74 and its 200-day moving average price is $24.86.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.42. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company's quarterly revenue was up 75.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.76 earnings per share. Sell-side analysts expect that SM Energy Company will post 7.3 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, June 22nd. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 8th. SM Energy's dividend payout ratio is presently 36.97%.

Analyst Upgrades and Downgrades

SM has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised SM Energy from a "neutral" rating to an "overweight" rating and set a $40.00 target price on the stock in a research note on Friday, March 20th. Mizuho increased their target price on SM Energy from $34.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 27th. TD Cowen cut their target price on SM Energy from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, March 17th. Siebert Williams Shank raised SM Energy from a "hold" rating to a "buy" rating and increased their target price for the stock from $30.00 to $41.00 in a research note on Thursday, May 14th. Finally, Wall Street Zen raised SM Energy from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, SM Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.07.

SM Energy Profile

SM Energy Company NYSE: SM is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy's operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company's core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.

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