SM Energy Company (NYSE:SM) Shares Acquired by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its stake in SM Energy Company by 110.1% in the first quarter, owning 18,560 shares valued at $556,000.
• SM Energy reported $1.50 EPS for the most recent quarter, surpassing estimates and showing a 25.0% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.20 per share, with a yield of 2.9%, payable to shareholders on August 4th.

Foster & Motley Inc. increased its position in shares of SM Energy Company (NYSE:SM - Free Report) by 110.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,560 shares of the energy company's stock after acquiring an additional 9,727 shares during the period. Foster & Motley Inc.'s holdings in SM Energy were worth $556,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

SM has been the topic of a number of analyst reports. Raymond James Financial lowered SM Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Susquehanna raised their target price on SM Energy from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. KeyCorp cut their target price on SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company cut their target price on SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Monday, June 16th. Finally, Stephens cut their target price on SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.50.

SM Energy Stock Down 3.5%

Shares of NYSE SM traded down $0.96 on Friday, hitting $26.63. The company had a trading volume of 3,399,044 shares, compared to its average volume of 1,946,672. SM Energy Company has a 12-month low of $19.67 and a 12-month high of $47.69. The business has a 50 day moving average of $26.23 and a two-hundred day moving average of $28.72. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $3.05 billion, a P/E ratio of 3.76 and a beta of 2.29.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.27. The firm had revenue of $792.94 million during the quarter, compared to the consensus estimate of $792.58 million. SM Energy had a return on equity of 18.43% and a net margin of 25.94%. SM Energy's revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.85 earnings per share. As a group, equities research analysts forecast that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Friday, July 18th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 3.0%. SM Energy's dividend payout ratio (DPR) is 11.20%.

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.