Jupiter Topco LLC Makes New $2.80 Million Investment in SM Energy Company $SM

Key Points

• Jupiter Topco LLC acquired 107,345 shares of SM Energy in the second quarter, valued at approximately $2.8 million. Institutional investors collectively own 94.56% of the company.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $37.93; several firms recently upgraded the stock or raised their targets.
• SM Energy reported quarterly EPS of $2.19, beating estimates, while revenue rose 215.3% year over year to $2.50 billion. The company also declared a quarterly dividend of $0.22 per share, representing a 2.3% yield.

Jupiter Topco LLC acquired a new stake in SM Energy Company (NYSE:SM - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 107,345 shares of the energy company's stock, valued at approximately $2,802,000.

Other institutional investors have also made changes to their positions in the company. Expect Equity LLC acquired a new position in SM Energy during the second quarter worth $2,501,000. Palisade Capital Management LP acquired a new stake in SM Energy in the 2nd quarter valued at $11,017,000. Canada Pension Plan Investment Board acquired a new stake in SM Energy in the 2nd quarter valued at $378,288,000. Manatuck Hill Partners LLC bought a new stake in SM Energy during the 2nd quarter worth about $261,000. Finally, SIR Capital Management L.P. bought a new stake in SM Energy during the 2nd quarter worth about $4,774,000. Institutional investors own 94.56% of the company's stock.

Insider Buying and Selling

In related news, EVP James Barker Lebeck sold 17,500 shares of SM Energy stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $37.02, for a total transaction of $647,850.00. Following the completion of the transaction, the executive vice president owned 14,705 shares in the company, valued at approximately $544,379.10. This trade represents a 54.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SM shares. Siebert Williams Shank upgraded shares of SM Energy from a "hold" rating to a "buy" rating and increased their price objective for the stock from $30.00 to $41.00 in a research note on Thursday, May 14th. Roth Capital raised SM Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $30.00 to $32.00 in a research report on Monday, June 22nd. Susquehanna upped their target price on SM Energy from $31.00 to $32.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Wells Fargo & Company raised SM Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $32.00 to $47.00 in a research report on Thursday, August 13th. Finally, Mizuho upgraded SM Energy to a "strong-buy" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, SM Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.93.

SM Energy Stock Performance

NYSE SM opened at $38.38 on Thursday. The firm has a market capitalization of $9.13 billion, a P/E ratio of 7.56 and a beta of 0.75. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm's fifty day moving average price is $31.66 and its two-hundred day moving average price is $29.78. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $38.94.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.23. The company had revenue of $2.50 billion during 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 EPS. As a group, research analysts anticipate that SM Energy Company will post 7.45 EPS for the current year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, September 4th. SM Energy's dividend payout ratio (DPR) is 17.32%.

About SM Energy

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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