Dynamic Technology Lab Private Ltd Invests $1.19 Million in SM Energy Company $SM

Key Points

• Dynamic Technology Lab Private Ltd bought 47,650 shares of SM Energy (NYSE:SM) in Q3, a stake valued at about $1.19 million, and roughly 94.56% of SM’s shares are held by hedge funds and other institutional investors.
• SM Energy raised its quarterly dividend to $0.22 per share (annualized $0.88) for a yield of about 3.4%; the ex-dividend/record date is March 9 with payment on March 23.
• In the most recent quarter SM reported EPS of $0.83, beating the $0.73 consensus, while revenue was $704.9 million — down about 17.3% year-over-year and below expectations of $764.4 million.

Dynamic Technology Lab Private Ltd acquired a new stake in SM Energy Company (NYSE:SM - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 47,650 shares of the energy company's stock, valued at approximately $1,190,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SM. Harbor Capital Advisors Inc. increased its holdings in SM Energy by 36.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,010 shares of the energy company's stock worth $50,000 after purchasing an additional 535 shares during the period. First National Advisers LLC boosted its stake in shares of SM Energy by 4.8% in the 3rd quarter. First National Advisers LLC now owns 12,604 shares of the energy company's stock valued at $315,000 after buying an additional 578 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of SM Energy by 1.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 44,701 shares of the energy company's stock valued at $1,116,000 after buying an additional 650 shares during the period. Insight Wealth Strategies LLC grew its position in shares of SM Energy by 0.6% during the third quarter. Insight Wealth Strategies LLC now owns 108,074 shares of the energy company's stock worth $2,699,000 after buying an additional 693 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its position in shares of SM Energy by 1.0% during the third quarter. Hodges Capital Management Inc. now owns 74,613 shares of the energy company's stock worth $1,863,000 after buying an additional 705 shares in the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Trading Up 1.7%

SM opened at $26.01 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 0.69. SM Energy Company has a one year low of $17.45 and a one year high of $32.26. The company has a market cap of $2.98 billion, a P/E ratio of 4.60 and a beta of 1.03. The business's 50-day simple moving average is $20.40 and its 200-day simple moving average is $21.74.

SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Wednesday, February 25th. The energy company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.10. The firm had revenue of $704.92 million during the quarter, compared to analysts' expectations of $764.40 million. SM Energy had a return on equity of 13.47% and a net margin of 20.55%.The firm's revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 earnings per share. As a group, equities research analysts expect that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This is an increase from SM Energy's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. SM Energy's dividend payout ratio is 14.16%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Mizuho set a $34.00 target price on shares of SM Energy in a report on Friday, January 9th. TD Cowen upgraded shares of SM Energy to a "strong-buy" rating in a report on Monday, February 9th. Zacks Research raised shares of SM Energy from a "strong sell" rating to a "hold" rating in a research report on Monday, February 16th. Stephens raised their price objective on shares of SM Energy from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Thursday, February 19th. Finally, Siebert Williams Shank cut shares of SM Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $31.22.

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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