Peregrine Capital Management LLC Grows Stock Holdings in SM Energy Company (NYSE:SM)

Peregrine Capital Management LLC lifted its holdings in SM Energy Company (NYSE:SM - Free Report) by 31.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,849 shares of the energy company's stock after acquiring an additional 39,165 shares during the quarter. Peregrine Capital Management LLC owned 0.14% of SM Energy worth $4,877,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in SM Energy by 64.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company's stock valued at $183,000 after acquiring an additional 1,854 shares in the last quarter. Range Financial Group LLC grew its stake in shares of SM Energy by 16.9% during the 1st quarter. Range Financial Group LLC now owns 25,119 shares of the energy company's stock worth $752,000 after purchasing an additional 3,624 shares during the period. Intrust Bank NA purchased a new position in shares of SM Energy during the 4th quarter valued at approximately $396,000. Bank of New York Mellon Corp increased its holdings in shares of SM Energy by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,234,890 shares of the energy company's stock valued at $47,864,000 after purchasing an additional 25,857 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of SM Energy by 80.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company's stock valued at $46,000 after purchasing an additional 679 shares during the period. Hedge funds and other institutional investors own 94.56% of the company's stock.

SM Energy Stock Down 1.5%

Shares of SM opened at $24.73 on Tuesday. The stock has a 50 day moving average price of $24.46 and a 200 day moving average price of $30.69. SM Energy Company has a one year low of $19.67 and a one year high of $48.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 3.46 and a beta of 2.19.

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

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Friday, July 18th will be paid 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 3.23%. SM Energy's dividend payout ratio is presently 11.20%.

Analysts Set New Price Targets

SM has been the topic of several analyst reports. Stephens dropped their price target on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Williams Trading set a $41.00 target price on SM Energy in a research report on Wednesday, March 5th. Mizuho cut their price target on SM Energy from $46.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company lowered their price target on SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Monday, June 16th. Finally, Susquehanna dropped their price objective on SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $42.08.

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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