SM Energy Company $SM Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in SM Energy Company by 13.9% during the first quarter, now holding 132,782 shares worth approximately $3.98 million.
• SM Energy recently declared a quarterly dividend of $0.20 per share, yielding 2.9% annually.
• Analysts have mixed ratings on SM Energy, with a significant price target range from $27.00 to $44.00 reflecting varied outlooks on the stock's performance.

CW Advisors LLC boosted its stake in shares of SM Energy Company (NYSE:SM - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,782 shares of the energy company's stock after buying an additional 16,193 shares during the quarter. CW Advisors LLC owned 0.12% of SM Energy worth $3,977,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SM. Tower Research Capital LLC TRC raised its holdings in 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 valued at $183,000 after acquiring an additional 1,854 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in SM Energy by 12.7% in the first quarter. Crossmark Global Holdings Inc. now owns 8,355 shares of the energy company's stock valued at $250,000 after acquiring an additional 941 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in SM Energy by 2.5% in the first quarter. Janney Montgomery Scott LLC now owns 21,258 shares of the energy company's stock valued at $637,000 after acquiring an additional 518 shares in the last quarter. Range Financial Group LLC raised its holdings in SM Energy by 16.9% in the first quarter. Range Financial Group LLC now owns 25,119 shares of the energy company's stock valued at $752,000 after acquiring an additional 3,624 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in SM Energy in the first quarter valued at approximately $656,000. Hedge funds and other institutional investors own 94.56% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Raymond James Financial cut shares of SM Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Susquehanna raised their price objective on shares of SM Energy from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. TD Cowen raised shares of SM Energy to a "strong-buy" rating in a report on Monday, July 7th. Mizuho raised their price objective on shares of SM Energy from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company cut their price objective on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SM Energy currently has an average rating of "Hold" and a consensus target price of $42.50.

SM Energy Stock Performance

Shares of SM Energy stock traded down $0.84 during trading on Tuesday, reaching $27.54. The company's stock had a trading volume of 1,619,334 shares, compared to its average volume of 2,086,045. The company has a 50-day moving average price of $26.69 and a two-hundred day moving average price of $27.02. The firm has a market cap of $3.17 billion, a PE ratio of 3.89 and a beta of 2.29. SM Energy Company has a fifty-two week low of $19.67 and a fifty-two week high of $47.17. 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 announced its earnings results on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.27. The business had revenue of $792.94 million for the quarter, compared to analysts' expectations of $792.58 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The company's quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. On average, analysts forecast that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Friday, July 18th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, July 18th. SM Energy's dividend payout ratio (DPR) is 11.30%.

About SM Energy

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.