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

Neo Ivy Capital Management boosted its stake in SM Energy (NYSE:SM - Free Report) by 42.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,933 shares of the energy company's stock after acquiring an additional 25,507 shares during the quarter. Neo Ivy Capital Management owned 0.07% of SM Energy worth $3,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SM. JPMorgan Chase & Co. grew its holdings in shares of SM Energy by 22.0% during the fourth quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock worth $179,546,000 after buying an additional 835,929 shares in the last quarter. American Century Companies Inc. grew its stake in shares of SM Energy by 8.8% during the 4th quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock worth $142,718,000 after acquiring an additional 296,601 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of SM Energy by 40.1% in the fourth quarter. First Trust Advisors LP now owns 2,683,131 shares of the energy company's stock valued at $103,998,000 after purchasing an additional 767,779 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in shares of SM Energy by 2.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,118,297 shares of the energy company's stock worth $82,105,000 after purchasing an additional 42,297 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in SM Energy by 10.7% during the fourth quarter. Northern Trust Corp now owns 1,449,483 shares of the energy company's stock worth $56,182,000 after purchasing an additional 140,228 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Stock Performance

Shares of SM stock traded up $0.03 during trading on Wednesday, reaching $23.86. 609,274 shares of the company's stock were exchanged, compared to its average volume of 1,965,221. SM Energy has a twelve month low of $19.67 and a twelve month high of $50.77. The firm's fifty day moving average price is $24.34 and its 200-day moving average price is $33.73. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2.73 billion, a PE ratio of 3.57 and a beta of 2.17.

SM Energy (NYSE:SM - Get Free Report) last released 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. The firm had revenue of $844.54 million for the quarter, compared to the consensus estimate of $814.62 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The company's quarterly revenue was up 50.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 earnings per share. As a group, sell-side analysts anticipate that SM Energy will post 8.1 EPS for the current year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 18th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.80 annualized dividend and a yield of 3.35%. SM Energy's dividend payout ratio is currently 11.20%.

Wall Street Analyst Weigh In

SM has been the subject of a number of recent research reports. Raymond James restated an "outperform" rating and set a $34.00 price objective (up from $30.00) on shares of SM Energy in a research note on Wednesday. Wall Street Zen cut SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Stephens decreased their price target on SM Energy from $62.00 to $55.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Susquehanna dropped their price objective on SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, KeyCorp cut their price objective on SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, SM Energy currently has a consensus rating of "Moderate Buy" and an average price target of $42.42.

SM Energy 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.