Jump Financial LLC Has $2.66 Million Stock Position in SM Energy Company $SM

Key Points

• Jump Financial LLC increased its stock holdings in SM Energy Company by 371.0% during Q1, owning 88,909 shares valued at approximately $2.66 million.
• Several institutional investors have also significantly increased their positions in SM Energy, with ownership among such investors now at 94.56%.
• SM Energy reported strong quarterly earnings, with an EPS of $1.50 compared to consensus estimates of $1.23, and revenue grew by 25.0% year over year.

Jump Financial LLC boosted its stake in SM Energy Company (NYSE:SM - Free Report) by 371.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,909 shares of the energy company's stock after acquiring an additional 70,031 shares during the quarter. Jump Financial LLC owned 0.08% of SM Energy worth $2,663,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in SM Energy by 69.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company's stock valued at $30,000 after buying an additional 417 shares during the last quarter. AlphaQuest LLC increased its stake in SM Energy by 71.4% in the 1st quarter. AlphaQuest LLC now owns 16,119 shares of the energy company's stock valued at $483,000 after buying an additional 6,713 shares during the last quarter. Channing Capital Management LLC increased its stake in SM Energy by 33.5% in the 1st quarter. Channing Capital Management LLC now owns 1,558,569 shares of the energy company's stock valued at $46,679,000 after buying an additional 391,536 shares during the last quarter. CW Advisors LLC increased its stake in SM Energy by 13.9% in the 1st quarter. CW Advisors LLC now owns 132,782 shares of the energy company's stock valued at $3,977,000 after buying an additional 16,193 shares during the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new stake in SM Energy in the 1st quarter valued at $44,005,000. 94.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SM has been the topic of several recent research reports. Raymond James Financial lowered shares of SM Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. TD Cowen upgraded shares of SM Energy to a "strong-buy" rating in a research note on Monday, July 7th. Mizuho boosted their price objective on shares of SM Energy from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Wells Fargo & Company lowered their price objective on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Monday, June 16th. Finally, Susquehanna boosted their price objective on shares of SM Energy from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SM Energy has an average rating of "Hold" and a consensus price target of $42.50.

SM Energy Stock Performance

SM traded down $0.13 on Friday, reaching $28.61. The company had a trading volume of 1,024,241 shares, compared to its average volume of 1,989,931. SM Energy Company has a fifty-two week low of $19.67 and a fifty-two week high of $47.17. The stock has a market cap of $3.29 billion, a P/E ratio of 4.04 and a beta of 2.29. The company's fifty day moving average is $26.74 and its 200 day moving average is $26.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.69 and a current ratio of 0.69.

SM Energy (NYSE:SM - Get Free Report) last announced 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 business had revenue of $792.94 million for the quarter, compared to analyst estimates of $792.58 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. SM Energy's quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 EPS. As a group, analysts predict that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 4th. Shareholders of record on Friday, July 18th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 2.8%. SM Energy's dividend payout ratio is presently 11.30%.

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.