Neo Ivy Capital Management Purchases 25,507 Shares of SM Energy (NYSE:SM)

Neo Ivy Capital Management boosted its position in shares of SM Energy (NYSE:SM - Free Report) by 42.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,933 shares of the energy company's stock after buying an additional 25,507 shares during the quarter. Neo Ivy Capital Management owned approximately 0.07% of SM Energy worth $3,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SM. JPMorgan Chase & Co. raised its holdings in SM Energy by 22.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock worth $179,546,000 after purchasing an additional 835,929 shares in the last quarter. First Trust Advisors LP raised its holdings in SM Energy by 40.1% in the 4th quarter. First Trust Advisors LP now owns 2,683,131 shares of the energy company's stock worth $103,998,000 after purchasing an additional 767,779 shares in the last quarter. Raymond James Financial Inc. bought a new position in SM Energy in the 4th quarter worth $22,059,000. Fisher Asset Management LLC raised its holdings in SM Energy by 214.7% in the 4th quarter. Fisher Asset Management LLC now owns 519,302 shares of the energy company's stock worth $20,128,000 after purchasing an additional 354,297 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in SM Energy by 8.8% in the 4th quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock worth $142,718,000 after purchasing an additional 296,601 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

Insider Activity at SM Energy

In other news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the transaction, the director now owns 14,666 shares of the company's stock, valued at $474,591.76. This trade represents a 91.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on SM shares. Raymond James decreased their price objective on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Susquehanna decreased their price objective on shares of SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. KeyCorp decreased their price objective on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company reduced their target price on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.92.

SM Energy Stock Up 0.3%

NYSE:SM opened at $23.17 on Friday. SM Energy has a 1-year low of $19.67 and a 1-year high of $50.77. The firm's 50-day moving average price is $24.79 and its 200-day moving average price is $34.20. The company has a market capitalization of $2.65 billion, a PE ratio of 3.47 and a beta of 2.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.60 by $0.16. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The company had revenue of $844.54 million for the quarter, compared to the consensus estimate of $814.62 million. During the same period in the prior year, the firm posted $1.13 EPS. SM Energy's revenue for the quarter was up 50.8% on a year-over-year basis. On average, equities analysts predict that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 18th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, April 17th. SM Energy's dividend payout ratio (DPR) is 11.20%.

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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