Townsquare Capital LLC Has $3.12 Million Holdings in SM Energy Company (NYSE:SM)

Key Points

• Townsquare Capital LLC has reduced its stake in SM Energy Company by 75.0%, selling 312,937 shares and now holding 104,202 shares valued at approximately $3.12 million.
• Several institutional investors have increased their stakes in SM Energy, with Westwood Holdings Group Inc. raising its position by 51.4% to own over 3.2 million shares worth approximately $96.06 million.
• SM Energy reported a 25% increase in revenue year-over-year, with a quarterly revenue of $792.94 million and an earnings per share of $1.50, surpassing analyst expectations.

Townsquare Capital LLC reduced its holdings in shares of SM Energy Company (NYSE:SM - Free Report) by 75.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,202 shares of the energy company's stock after selling 312,937 shares during the quarter. Townsquare Capital LLC owned 0.09% of SM Energy worth $3,121,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SM. Parallel Advisors LLC lifted its stake in 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 purchasing an additional 747 shares during the last quarter. Byrne Asset Management LLC lifted its stake in 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 last quarter. Harbor Capital Advisors Inc. lifted its stake in 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 purchasing an additional 679 shares during the last quarter. CWM LLC lifted its stake in 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 bought a new position in SM Energy during the first quarter worth $164,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Price Performance

NYSE:SM traded down $0.29 during mid-day trading on Thursday, reaching $26.75. 1,289,587 shares of the stock were exchanged, compared to its average volume of 2,288,751. The business has a fifty day moving average price of $26.67 and a 200 day moving average price of $27.84. The firm has a market capitalization of $3.07 billion, a PE 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 company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59.

SM Energy (NYSE:SM - Get Free Report) last released its earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.27. SM Energy had a return on equity of 18.06% and a net margin of 25.94%. The firm had revenue of $792.94 million for the quarter, compared to analyst estimates of $792.58 million. During the same period in the previous year, the company earned $1.85 earnings per share. SM Energy's revenue was up 25.0% compared to the same quarter last year. Research analysts expect that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Friday, July 18th were given a $0.20 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. SM Energy's dividend payout ratio (DPR) is 11.30%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SM. Wells Fargo & Company reduced 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. KeyCorp dropped their target price on SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. TD Cowen raised SM Energy to a "strong-buy" rating in a research report on Monday, July 7th. Raymond James Financial lowered SM Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Finally, Mizuho increased their target price on SM Energy from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.50.

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.