SG Americas Securities LLC Buys 9,751 Shares of SM Energy Company (NYSE:SM)

SG Americas Securities LLC grew its position in shares of SM Energy Company (NYSE:SM - Free Report) by 122.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,723 shares of the energy company's stock after purchasing an additional 9,751 shares during the quarter. SG Americas Securities LLC's holdings in SM Energy were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SM. Parallel Advisors LLC raised its position in shares of SM Energy by 200.8% during the first quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company's stock worth $34,000 after acquiring an additional 747 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of SM Energy by 80.7% during the first quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company's stock worth $46,000 after acquiring an additional 679 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of SM Energy by 51.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock worth $84,000 after acquiring an additional 736 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of SM Energy by 517.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock worth $159,000 after acquiring an additional 3,470 shares during the last quarter. Finally, Portside Wealth Group LLC bought a new position in shares of SM Energy during the first quarter worth about $164,000. 94.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SM has been the topic of several recent analyst reports. Stephens dropped their price target on SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Mizuho dropped their price target on SM Energy from $46.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Susquehanna dropped their price target 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, Raymond James Financial reissued an "outperform" rating and issued a $34.00 price target (up from $30.00) on shares of SM Energy in a research note on Wednesday, May 28th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.08.

SM Energy Stock Down 7.1%

Shares of NYSE SM traded down $1.97 during midday trading on Monday, hitting $25.59. 2,947,536 shares of the stock traded hands, compared to its average volume of 1,996,106. The company has a market cap of $2.93 billion, a PE ratio of 3.58 and a beta of 2.19. SM Energy Company has a one year low of $19.67 and a one year high of $50.20. The business has a 50 day moving average price of $24.20 and a two-hundred day moving average price of $31.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57.

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 the consensus estimate of $1.60 by $0.16. SM Energy had a return on equity of 19.90% and a net margin of 27.61%. The business had revenue of $844.54 million during the quarter, compared to the consensus estimate of $814.62 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. SM Energy's revenue was up 50.8% compared to the same quarter last year. On average, equities analysts predict that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 18th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.80 annualized dividend and a yield of 3.13%. SM Energy's dividend payout ratio (DPR) is currently 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.