Quantinno Capital Management LP Grows Stock Holdings in SM Energy Company $SM

Key Points

• Quantinno Capital Management increased its SM Energy stake by 281.9% in the first quarter, holding 101,624 shares valued at approximately $3.17 million. Institutional investors collectively own 94.56% of the company.
• SM Energy reported strong quarterly results, with EPS of $2.19 beating estimates of $1.96 and revenue reaching $2.50 billion, up 215.3% year over year.
• Analyst sentiment is favorable, with a consensus “Moderate Buy” rating and an average price target of $36.53, compared with the stock’s reported price of $28.89.

Quantinno Capital Management LP lifted its stake in shares of SM Energy Company (NYSE:SM - Free Report) by 281.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,624 shares of the energy company's stock after purchasing an additional 75,014 shares during the period. Quantinno Capital Management LP's holdings in SM Energy were worth $3,169,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Royal Bank of Canada boosted its stake in SM Energy by 27.7% during the first quarter. Royal Bank of Canada now owns 91,916 shares of the energy company's stock worth $2,753,000 after buying an additional 19,965 shares during the last quarter. AQR Capital Management LLC grew its holdings in SM Energy by 43.9% in the 1st quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company's stock valued at $4,370,000 after buying an additional 44,542 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of SM Energy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,111 shares of the energy company's stock worth $2,040,000 after acquiring an additional 2,969 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of SM Energy by 44.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company's stock worth $97,000 after acquiring an additional 1,007 shares during the period. Finally, United Services Automobile Association purchased a new position in shares of SM Energy during the 1st quarter worth $222,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Stock Up 0.7%

Shares of NYSE:SM opened at $28.89 on Friday. The business has a 50-day moving average price of $29.79 and a 200 day moving average price of $27.71. The company has a current ratio of 0.62, a quick ratio of 0.39 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 5.69 and a beta of 0.73. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $35.88.

SM Energy (NYSE:SM - Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts' expectations of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. SM Energy's revenue for the quarter was up 215.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. Sell-side analysts expect that SM Energy Company will post 6.95 EPS for the current year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, June 8th. SM Energy's dividend payout ratio is currently 17.32%.

Insider Buying and Selling at SM Energy

In related news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the transaction, the director owned 65,964 shares of the company's stock, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their position. 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SM. Siebert Williams Shank raised shares of SM Energy from a "hold" rating to a "buy" rating and upped their price objective for the company from $30.00 to $41.00 in a report on Thursday, May 14th. Mizuho raised shares of SM Energy to a "strong-buy" rating in a research note on Friday, July 31st. UBS Group assumed coverage on shares of SM Energy in a report on Tuesday, July 14th. They issued a "buy" rating and a $36.00 target price on the stock. Stephens cut their price target on shares of SM Energy from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, July 7th. Finally, Wells Fargo & Company lifted their price target on shares of SM Energy from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $36.53.

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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