Hussman Strategic Advisors Inc. Has $1.26 Million Position in SM Energy Company (NYSE:SM)

Hussman Strategic Advisors Inc. increased its stake in SM Energy Company (NYSE:SM - Free Report) by 100.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,000 shares of the energy company's stock after acquiring an additional 21,000 shares during the period. Hussman Strategic Advisors Inc.'s holdings in SM Energy were worth $1,258,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SM. Proficio Capital Partners LLC bought a new stake in SM Energy in the fourth quarter worth $256,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of SM Energy in the fourth quarter valued at about $753,000. Natixis Advisors LLC boosted its holdings in shares of SM Energy by 4.8% during the fourth quarter. Natixis Advisors LLC now owns 42,920 shares of the energy company's stock worth $1,664,000 after purchasing an additional 1,978 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of SM Energy by 5.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,214 shares of the energy company's stock worth $473,000 after purchasing an additional 677 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in SM Energy during the 4th quarter valued at approximately $415,000. Institutional investors own 94.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SM. Wells Fargo & Company reduced their target price on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Monday, June 16th. TD Cowen upgraded SM Energy to a "strong-buy" rating in a report on Monday, July 7th. Mizuho dropped their target price on SM Energy from $46.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Susquehanna reduced their target price on SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Stephens cut their price objective 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.08.

SM Energy Stock Up 0.7%

Shares of NYSE SM traded up $0.17 during mid-day trading on Monday, reaching $26.06. 805,700 shares of the company's stock were exchanged, compared to its average volume of 1,985,873. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. SM Energy Company has a twelve month low of $19.67 and a twelve month high of $47.69. The business has a fifty day simple moving average of $25.57 and a 200 day simple moving average of $29.58. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 3.65 and a beta of 2.16.

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

SM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 3.07%. SM Energy's dividend payout ratio is currently 11.20%.

About SM Energy

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.