GSA Capital Partners LLP Buys Shares of 85,953 SM Energy Company $SM

Key Points

• GSA Capital Partners purchased 85,953 shares of SM Energy in the second quarter, valued at approximately $2.24 million. Institutional investors collectively own 94.56% of the company.
• SM Energy reported quarterly EPS of $2.19, exceeding the $1.96 analyst consensus, while revenue reached $2.50 billion and rose 215.3% year over year.
• Analyst sentiment is favorable, with a consensus “Moderate Buy” rating and an average price target of $37.93, compared with the stock’s recent opening price of $33.70. The company also pays a quarterly dividend of $0.22 per share.

GSA Capital Partners LLP bought a new stake in shares of SM Energy Company (NYSE:SM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 85,953 shares of the energy company's stock, valued at approximately $2,243,000.

Other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in SM Energy by 96.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company's stock worth $2,143,000 after acquiring an additional 56,160 shares in the last quarter. Denali Advisors LLC raised its holdings in shares of SM Energy by 22.2% in the 4th quarter. Denali Advisors LLC now owns 300,000 shares of the energy company's stock valued at $5,610,000 after purchasing an additional 54,428 shares in the last quarter. UBS Group AG raised its holdings in shares of SM Energy by 23.0% in the 4th quarter. UBS Group AG now owns 666,070 shares of the energy company's stock valued at $12,456,000 after purchasing an additional 124,448 shares in the last quarter. Leeward Investments LLC MA bought a new stake in shares of SM Energy in the 1st quarter valued at about $13,299,000. Finally, Pekin Hardy Strauss Inc. lifted its position in shares of SM Energy by 24.3% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 397,039 shares of the energy company's stock worth $7,425,000 after purchasing an additional 77,638 shares during the period. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SM Energy

In other news, Director Ramiro G. Peru sold 24,553 shares of the company's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the transaction, the director directly owned 65,964 shares of the company's stock, valued at approximately $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company's stock.

SM Energy Stock Performance

SM stock opened at $33.70 on Friday. SM Energy Company has a one year low of $17.45 and a one year high of $35.88. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 6.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a 50-day simple moving average of $29.72 and a two-hundred day simple moving average of $28.20.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.23. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The company's quarterly revenue was up 215.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 EPS. On average, equities analysts forecast that SM Energy Company will post 7.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, June 8th. SM Energy's dividend payout ratio (DPR) is 17.32%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Mizuho upgraded shares of SM Energy to a "strong-buy" rating in a research note on Friday, July 31st. UBS Group assumed coverage on SM Energy in a report on Tuesday, July 14th. They set a "buy" rating and a $36.00 target price for the company. Siebert Williams Shank raised SM Energy from a "hold" rating to a "buy" rating and increased their target price for the company from $30.00 to $41.00 in a research report on Thursday, May 14th. Raymond James Financial cut their price target on SM Energy from $55.00 to $48.00 and set an "outperform" rating on the stock in a report on Tuesday, July 21st. Finally, Roth Capital raised SM Energy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $30.00 to $32.00 in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, SM Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.93.

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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