SM Energy Company (NYSE:SM) Stock Holdings Increased by Denali Advisors LLC

Denali Advisors LLC raised its holdings in SM Energy Company (NYSE:SM - Free Report) by 53.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 172,344 shares of the energy company's stock after purchasing an additional 59,793 shares during the quarter. Denali Advisors LLC owned 0.15% of SM Energy worth $5,162,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in SM Energy by 22.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock worth $179,546,000 after purchasing an additional 835,929 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of SM Energy by 8.8% during the 4th quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock worth $142,718,000 after buying an additional 296,601 shares during the last quarter. First Trust Advisors LP increased its holdings in SM Energy by 40.1% in the 4th quarter. First Trust Advisors LP now owns 2,683,131 shares of the energy company's stock valued at $103,998,000 after purchasing an additional 767,779 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in SM Energy by 2.0% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,118,297 shares of the energy company's stock valued at $82,105,000 after purchasing an additional 42,297 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of SM Energy by 10.7% in the fourth quarter. Northern Trust Corp now owns 1,449,483 shares of the energy company's stock worth $56,182,000 after acquiring an additional 140,228 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SM. Mizuho decreased their price objective on shares of SM Energy from $46.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Susquehanna reduced their price target on shares of SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company 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. Stephens reduced their price target on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.08.

SM Energy Stock Performance

Shares of NYSE SM traded down $0.76 during midday trading on Friday, hitting $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 company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57. The firm's fifty day moving average price is $25.57 and its 200-day moving average price is $29.65. The firm has a market cap of $2.96 billion, a P/E ratio of 3.63 and a beta of 2.16. SM Energy Company has a 1-year low of $19.67 and a 1-year high of $47.69.

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

SM Energy Announces Dividend

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