SM Energy Company (NYSE:SM) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in shares of SM Energy Company (NYSE:SM - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 128,907 shares of the energy company's stock after selling 19,987 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.11% of SM Energy worth $3,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted its stake in shares of SM Energy by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company's stock valued at $464,000 after buying an additional 379 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of SM Energy by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 97,800 shares of the energy company's stock valued at $3,791,000 after buying an additional 400 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of SM Energy by 6.4% during the 4th quarter. Quantinno Capital Management LP now owns 6,718 shares of the energy company's stock valued at $260,000 after buying an additional 402 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of SM Energy by 7.6% during the 4th quarter. National Bank of Canada FI now owns 6,975 shares of the energy company's stock valued at $270,000 after buying an additional 492 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in SM Energy by 7.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,823 shares of the energy company's stock worth $291,000 after purchasing an additional 499 shares in the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SM shares. Stephens lowered their price objective 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. TD Cowen upgraded shares of SM Energy to a "strong-buy" rating in a research report on Monday, July 7th. Susquehanna decreased their target price on shares of SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Raymond James Financial cut shares of SM Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company decreased their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.08.

SM Energy Stock Performance

Shares of NYSE:SM traded down $0.76 during midday trading on Friday, reaching $25.89. The company's stock had a trading volume of 1,859,479 shares, compared to its average volume of 1,990,381. The firm has a market capitalization of $2.96 billion, a PE ratio of 3.63 and a beta of 2.16. SM Energy Company has a twelve month low of $19.67 and a twelve month high of $47.69. The stock has a fifty day moving average of $25.57 and a 200 day moving average of $29.65. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.16. SM Energy had a net margin of 27.61% and a return on equity of 19.90%. The firm 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 earnings per share. The firm's quarterly revenue was up 50.8% compared to the same quarter last year. On average, equities analysts expect that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 18th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, July 18th. SM Energy's payout ratio is 11.20%.

About SM Energy

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.