Alyeska Investment Group L.P. Cuts Position in SM Energy Company $SM

Key Points

• Alyeska Investment Group cut its SM Energy position by 57.7% in the second quarter, selling 314,668 shares and retaining 230,718 shares valued at approximately $6.0 million. Institutional investors collectively own 94.56% of the company.
• Analysts maintain a generally positive outlook, with one Strong Buy, ten Buy, and five Hold ratings. SM Energy has a consensus rating of “Moderate Buy” and an average price target of $37.93.
• SM Energy reported quarterly EPS of $2.19, beating estimates of $1.96, while revenue surged 215.3% year over year to $2.50 billion. The company also announced a quarterly dividend of $0.22 per share, representing a 2.3% yield.

Alyeska Investment Group L.P. lessened its position in SM Energy Company (NYSE:SM - Free Report) by 57.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,718 shares of the energy company's stock after selling 314,668 shares during the quarter. Alyeska Investment Group L.P. owned 0.10% of SM Energy worth $6,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SM. SBI Securities Co. Ltd. boosted its stake in shares of SM Energy by 10,461.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company's stock valued at $26,000 after purchasing an additional 1,360 shares in the last quarter. Torren Management LLC raised its position in SM Energy by 4,561.1% in the 1st quarter. Torren Management LLC now owns 839 shares of the energy company's stock worth $26,000 after purchasing an additional 821 shares during the period. Global Retirement Partners LLC raised its position in 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 purchasing an additional 535 shares during the period. Kilter Group LLC bought a new stake in SM Energy in the second quarter worth $28,000. Finally, Center for Financial Planning Inc. bought a new stake in SM Energy in the first quarter worth $31,000. Hedge funds and other institutional investors own 94.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stephens lowered their target price on SM Energy from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, July 7th. Truist Financial upped their price target on shares of SM Energy from $37.00 to $43.00 and gave the company a "buy" rating in a report on Monday, August 10th. Raymond James Financial dropped their price target on shares of SM Energy from $55.00 to $48.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Mizuho raised shares of SM Energy to a "strong-buy" rating in a report on Friday, July 31st. Finally, Zacks Research cut shares of SM Energy from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.93.

Insider Activity at SM Energy

In other SM Energy news, EVP James Barker Lebeck sold 17,500 shares of SM Energy stock in a transaction on Friday, August 21st. The stock was sold at an average price of $37.02, for a total value of $647,850.00. Following the completion of the sale, the executive vice president owned 14,705 shares of the company's stock, valued at approximately $544,379.10. This trade represents a 54.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company's stock.

SM Energy Trading Up 2.2%

NYSE SM opened at $38.00 on Wednesday. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $38.25. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The stock's fifty day moving average price is $31.43 and its 200-day moving average price is $29.66. The stock has a market cap of $9.04 billion, a P/E ratio of 7.48 and a beta of 0.73.

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

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, September 4th. SM Energy's dividend payout ratio (DPR) is currently 17.32%.

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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