Aegis Financial Corp Increases Stock Holdings in SM Energy Company $SM

Key Points

• Aegis Financial increased its SM Energy stake by 41.2% in the second quarter, owning 778,851 shares worth approximately $20.3 million. Institutional investors collectively hold 94.56% of the company’s stock.
• SM Energy reported strong quarterly results, with EPS of $2.19 versus the $1.96 consensus and revenue of $2.50 billion, up 215.3% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $37.93. The company also announced a quarterly dividend of $0.22 per share, representing a 2.4% annualized yield.

Aegis Financial Corp increased its position in shares of SM Energy Company (NYSE:SM - Free Report) by 41.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 778,851 shares of the energy company's stock after acquiring an additional 227,082 shares during the period. SM Energy makes up about 3.2% of Aegis Financial Corp's holdings, making the stock its 15th biggest position. Aegis Financial Corp owned 0.33% of SM Energy worth $20,328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SM. GAMMA Investing LLC lifted its holdings in SM Energy by 3.8% in the second quarter. GAMMA Investing LLC now owns 10,108 shares of the energy company's stock worth $264,000 after buying an additional 371 shares during the period. Quad Cities Investment Group LLC grew its holdings in shares of SM Energy by 2.8% during the 2nd quarter. Quad Cities Investment Group LLC now owns 13,777 shares of the energy company's stock worth $360,000 after acquiring an additional 375 shares during the period. Summit Global Investments grew its holdings in shares of SM Energy by 1.1% during the 4th quarter. Summit Global Investments now owns 46,417 shares of the energy company's stock worth $868,000 after acquiring an additional 489 shares during the period. State of Wyoming raised its position in shares of SM Energy by 22.2% in the 4th quarter. State of Wyoming now owns 2,748 shares of the energy company's stock worth $51,000 after acquiring an additional 499 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of SM Energy by 62.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company's stock worth $26,000 after acquiring an additional 535 shares in the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Mizuho raised SM Energy to a "strong-buy" rating in a research note on Friday, July 31st. Stephens lowered their price target on SM Energy from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. Zacks Research cut shares of SM Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Wall Street Zen downgraded shares of SM Energy from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, Susquehanna upped their price target on SM Energy from $31.00 to $32.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $37.93.

Insiders Place Their Bets

In other SM Energy news, EVP James Barker Lebeck sold 17,500 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $37.02, for a total value of $647,850.00. Following the transaction, the executive vice president directly owned 14,705 shares in the company, valued at $544,379.10. This represents a 54.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by insiders.

SM Energy Trading Down 0.6%

SM Energy stock opened at $36.59 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $8.70 billion, a P/E ratio of 7.20 and a beta of 0.73. The firm's 50 day moving average price is $31.02 and its 200-day moving average price is $29.37. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $38.25.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.23. The business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The company's revenue for the quarter was up 215.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. On average, equities analysts predict that SM Energy Company will post 7.45 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. SM Energy's dividend payout ratio (DPR) is presently 17.32%.

About SM Energy

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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