SM Energy Company (NYSE:SM) Holdings Increased by Vestcor Inc

Key Points

• Vestcor Inc increased its stake in SM Energy by 97.9% during the first quarter, holding 46,727 shares valued at approximately $1.4 million.
• SM Energy reported an earnings per share (EPS) of $1.50, exceeding the consensus estimate by $0.27, with a revenue of $792.94 million during the last quarter.
• The company announced a quarterly dividend of $0.20 per share, yielding 3.0%, to be paid to shareholders on August 4th.

Vestcor Inc grew its stake in shares of SM Energy Company (NYSE:SM - Free Report) by 97.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,727 shares of the energy company's stock after buying an additional 23,114 shares during the quarter. Vestcor Inc's holdings in SM Energy were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of SM Energy by 200.8% in the 1st quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company's stock worth $34,000 after purchasing an additional 747 shares in the last quarter. Byrne Asset Management LLC raised its holdings in shares of SM Energy by 172.8% in the 1st quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company's stock worth $44,000 after purchasing an additional 933 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings 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 worth $46,000 after purchasing an additional 679 shares in the last quarter. CWM LLC raised its holdings in shares of SM Energy by 34.0% in the 1st quarter. CWM LLC now owns 3,760 shares of the energy company's stock worth $113,000 after purchasing an additional 955 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of SM Energy by 64.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company's stock worth $183,000 after acquiring an additional 1,854 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

SM Energy Stock Performance

SM stock opened at $26.63 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 3.76 and a beta of 2.29. SM Energy Company has a 12 month low of $19.67 and a 12 month high of $47.69. The firm has a 50 day moving average of $26.23 and a two-hundred day moving average of $28.72.

SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.23 by $0.27. SM Energy had a net margin of 25.94% and a return on equity of 18.43%. The company had revenue of $792.94 million during the quarter, compared to the consensus estimate of $792.58 million. During the same period in the previous year, the firm posted $1.85 earnings per share. The company's revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, equities analysts anticipate that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The business also recently announced 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 3.0%. The ex-dividend date is Friday, July 18th. SM Energy's dividend payout ratio (DPR) is 11.20%.

Analysts Set New Price Targets

SM has been the subject of several research analyst reports. KeyCorp reduced their price target on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Mizuho upped their price target on shares of SM Energy from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Friday. Susquehanna upped their price target on shares of SM Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company reduced their price target on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating for the company in a research report on Monday, June 16th. Finally, Raymond James Financial downgraded shares of SM Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

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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