Homestead Advisers Corp Sells 30,300 Shares of SM Energy Company (NYSE:SM)

Homestead Advisers Corp lowered its holdings in shares of SM Energy Company (NYSE:SM - Free Report) by 23.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,900 shares of the energy company's stock after selling 30,300 shares during the period. Homestead Advisers Corp owned approximately 0.09% of SM Energy worth $2,962,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. raised its holdings in SM Energy by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company's stock worth $464,000 after buying an additional 379 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of SM Energy by 6.4% during the fourth quarter. Quantinno Capital Management LP now owns 6,718 shares of the energy company's stock valued at $260,000 after purchasing an additional 402 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of SM Energy by 7.6% during the fourth quarter. National Bank of Canada FI now owns 6,975 shares of the energy company's stock valued at $270,000 after purchasing an additional 492 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of SM Energy by 7.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,823 shares of the energy company's stock valued at $291,000 after purchasing an additional 499 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of SM Energy by 6.3% during the first quarter. Xponance Inc. now owns 8,688 shares of the energy company's stock valued at $260,000 after purchasing an additional 516 shares during the last quarter. Institutional investors own 94.56% of the company's stock.

SM Energy Stock Up 3.1%

Shares of SM stock traded up $0.79 during trading hours on Tuesday, reaching $26.51. 428,733 shares of the stock were exchanged, compared to its average volume of 2,305,638. The business's fifty day moving average is $25.57 and its two-hundred day moving average is $29.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.57 and a quick ratio of 0.57. SM Energy Company has a 12-month low of $19.67 and a 12-month high of $47.69. The firm has a market capitalization of $3.03 billion, a P/E ratio of 3.71 and a beta of 2.16.

SM Energy (NYSE:SM - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.16. The business had revenue of $844.54 million for the quarter, compared to analyst estimates of $814.62 million. SM Energy had a net margin of 27.61% and a return on equity of 19.90%. The company's revenue for the quarter was up 50.8% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. As a group, research analysts expect that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Friday, July 18th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, July 18th. SM Energy's dividend payout ratio is presently 11.20%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SM. Stephens cut their target price on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Susquehanna dropped their price target on shares of SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Mizuho dropped their price target on shares of SM Energy from $46.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. KeyCorp dropped their price target on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, TD Cowen upgraded shares of SM Energy to a "strong-buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, SM Energy presently has an average rating of "Moderate Buy" and an average target price of $42.08.

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.

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