SM Energy Company (NYSE:SM) Holdings Raised by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in shares of SM Energy Company (NYSE:SM - Free Report) by 201.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,357 shares of the energy company's stock after purchasing an additional 24,973 shares during the quarter. GSA Capital Partners LLP's holdings in SM Energy were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC boosted its position 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 during the last quarter. Byrne Asset Management LLC increased its holdings in shares of SM Energy by 172.8% during the first 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 during the period. Harbor Capital Advisors Inc. increased its stake 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 valued at $46,000 after purchasing an additional 679 shares during the last quarter. CWM LLC grew its holdings in shares of SM Energy by 34.0% during the first quarter. CWM LLC now owns 3,760 shares of the energy company's stock worth $113,000 after purchasing an additional 955 shares during the last quarter. Finally, Portside Wealth Group LLC acquired a new stake in shares of SM Energy during the first quarter worth $164,000. 94.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SM shares. Raymond James Financial downgraded shares of SM Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Stephens reduced 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. KeyCorp reduced their target price on SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Wells Fargo & Company decreased their price objective on SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Monday, June 16th. Finally, Mizuho lifted their price objective on shares of SM Energy from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday. One investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.50.

SM Energy Price Performance

Shares of SM traded up $0.13 during mid-day trading on Monday, hitting $26.79. The company's stock had a trading volume of 676,584 shares, compared to its average volume of 2,290,785. The firm has a market capitalization of $3.07 billion, a P/E ratio of 3.78 and a beta of 2.29. SM Energy Company has a 1-year low of $19.67 and a 1-year high of $47.69. The firm has a 50-day simple moving average of $26.23 and a 200 day simple moving average of $28.50. The company has a current ratio of 0.69, a quick ratio of 0.57 and a debt-to-equity ratio of 0.59.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.27. The business had revenue of $792.94 million for the quarter, compared to the consensus estimate of $792.58 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%. The business's revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 earnings per share. Analysts predict that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Friday, July 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 18th. SM Energy's dividend payout ratio is currently 11.30%.

SM Energy 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.