SM Energy Company $SM Stock Holdings Raised by CacheTech Inc.

Key Points

• CacheTech Inc. increased its stake in SM Energy Company by 32.1% in the first quarter, now owning approximately 0.08% of the company valued at $2.9 million.
• SM Energy's quarterly earnings surpassed expectations with $1.50 earnings per share and a 25% year-over-year revenue growth, totaling $792.94 million.
• The dividend payout ratio for SM Energy is currently 11.3%, with a recent quarterly dividend of $0.20 per share, equating to an annualized yield of 3.1%.

CacheTech Inc. increased its position in shares of SM Energy Company (NYSE:SM - Free Report) by 32.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,812 shares of the energy company's stock after acquiring an additional 23,537 shares during the quarter. CacheTech Inc. owned approximately 0.08% of SM Energy worth $2,900,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SM. Vanguard Group Inc. boosted its holdings in shares of SM Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 15,269,443 shares of the energy company's stock valued at $457,320,000 after purchasing an additional 69,933 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of SM Energy by 6.2% in the 1st quarter. American Century Companies Inc. now owns 3,909,004 shares of the energy company's stock valued at $117,075,000 after purchasing an additional 226,911 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of SM Energy by 51.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,207,245 shares of the energy company's stock valued at $96,057,000 after purchasing an additional 1,088,948 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of SM Energy by 40.1% in the 4th quarter. First Trust Advisors LP now owns 2,683,131 shares of the energy company's stock valued at $103,998,000 after purchasing an additional 767,779 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of SM Energy by 169.4% in the 1st quarter. Invesco Ltd. now owns 1,873,860 shares of the energy company's stock valued at $56,122,000 after purchasing an additional 1,178,397 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

Wall Street Analysts Forecast Growth

SM has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. Mizuho lifted their price target on shares of SM Energy from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Susquehanna lifted their price target on shares of SM Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. TD Cowen upgraded shares of SM Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, Raymond James Financial downgraded shares of SM Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $42.50.

SM Energy Stock Up 0.7%

SM Energy stock traded up $0.1680 during midday trading on Thursday, hitting $25.6780. 466,273 shares of the stock were exchanged, compared to its average volume of 2,263,181. SM Energy Company has a 1 year low of $19.67 and a 1 year high of $47.69. The firm has a market cap of $2.95 billion, a P/E ratio of 3.63 and a beta of 2.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.69. The company has a 50 day moving average price of $26.72 and a two-hundred day moving average price of $27.38.

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

SM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Friday, July 18th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 3.1%. SM Energy's payout ratio is 11.30%.

SM Energy Company 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.