Cetera Investment Advisers Sells 13,133 Shares of SM Energy Company (NYSE:SM)

Key Points

• Cetera Investment Advisers reduced its holdings in SM Energy by 44.0%, selling 13,133 shares and ending with 16,682 shares valued at approximately $500,000.
• SM Energy posted earnings of $1.50 per share, exceeding analysts' expectations, with a revenue increase of 25.0% compared to the previous year.
• The company announced a quarterly dividend of $0.20 per share, translating to an annual yield of 3.1% and a payout ratio of 11.30%.

Cetera Investment Advisers lessened its holdings in SM Energy Company (NYSE:SM - Free Report) by 44.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,682 shares of the energy company's stock after selling 13,133 shares during the period. Cetera Investment Advisers' holdings in SM Energy were worth $500,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SM. Parallel Advisors LLC grew its holdings in shares of SM Energy by 200.8% in the first quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company's stock worth $34,000 after purchasing an additional 747 shares during the last quarter. Byrne Asset Management LLC grew its holdings in shares of SM Energy by 172.8% in the first quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company's stock worth $44,000 after purchasing an additional 933 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of SM Energy by 80.7% in the first quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company's stock worth $46,000 after purchasing an additional 679 shares during the last quarter. CWM LLC grew its holdings in shares of SM Energy by 34.0% in the first quarter. CWM LLC now owns 3,760 shares of the energy company's stock worth $113,000 after purchasing an additional 955 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of SM Energy by 64.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company's stock worth $183,000 after purchasing an additional 1,854 shares during the last quarter. Institutional investors own 94.56% of the company's stock.

SM Energy Stock Performance

Shares of NYSE:SM opened at $26.17 on Friday. The firm has a market capitalization of $3.01 billion, a PE ratio of 3.70 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 business has a 50-day moving average of $26.75 and a two-hundred day moving average of $27.57. SM Energy Company has a 12 month low of $19.67 and a 12 month high of $47.69.

SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.27. SM Energy had a return on equity of 18.06% and a net margin of 25.94%. The business had revenue of $792.94 million during the quarter, compared to analyst estimates of $792.58 million. During the same quarter last year, the firm earned $1.85 earnings per share. The company's revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, research analysts forecast that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

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

Analysts Set New Price Targets

SM has been the subject of a number of research reports. Raymond James Financial lowered shares of SM Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. TD Cowen raised shares of SM Energy to a "strong-buy" rating in a research report on Monday, July 7th. Mizuho increased their price target on shares of SM Energy from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Susquehanna increased their price target on shares of SM Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company decreased their price target on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating for the company in a research report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.

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