Deutsche Bank AG Takes Position in SM Energy Company $SM

Key Points

• Deutsche Bank acquired 276,095 shares of SM Energy in the second quarter, worth approximately $7.2 million, giving it a 0.12% stake. Institutional investors and hedge funds collectively own 94.56% of the company.
• SM Energy reported quarterly earnings of $2.19 per share, beating estimates of $1.96, while revenue surged 215.3% year over year to $2.50 billion. The stock opened at $36.48, near its 52-week high of $38.25.
• Analysts maintain a consensus “Moderate Buy” rating with a $37.93 target price, although recommendations are mixed. Executive James Barker Lebeck sold 17,500 shares for about $648,000, and insiders own only 0.45% of the stock.

Deutsche Bank AG bought a new stake in SM Energy Company (NYSE:SM - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 276,095 shares of the energy company's stock, valued at approximately $7,206,000. Deutsche Bank AG owned 0.12% of SM Energy at the end of the most recent quarter.

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

SM Energy Stock Performance

Shares of SM opened at $36.48 on Tuesday. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 7.18 and a beta of 0.73. SM Energy Company has a 52-week low of $17.45 and a 52-week high of $38.25. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $30.34 and a 200 day moving average price of $28.99.

SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.23. The company had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The firm's revenue for the quarter was up 215.3% on a year-over-year basis. During the same quarter last year, the company earned $1.50 earnings per share. Research analysts predict that SM Energy Company will post 7.36 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

SM has been the topic of several analyst reports. Raymond James Financial reduced their target price on shares of SM Energy from $55.00 to $48.00 and set an "outperform" rating on the stock in a report on Tuesday, July 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of SM Energy in a report on Monday, August 17th. Siebert Williams Shank raised shares of SM Energy from a "hold" rating to a "buy" rating and increased their price objective for the company from $30.00 to $41.00 in a research report on Thursday, May 14th. Mizuho upgraded 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 research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, SM Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.93.

SM Energy Company 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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