SM Energy Company $SM Stock Holdings Raised by Moody Aldrich Partners LLC

Key Points

• Moody Aldrich Partners increased its SM Energy stake by 43.5% in the third quarter to 229,073 shares, valued at approximately $7.7 million. Institutional investors collectively own 94.56% of the company.
• SM Energy reported quarterly EPS of $2.19, beating estimates by $0.23, while revenue rose 215.3% year over year to $2.50 billion. The company also pays a quarterly dividend of $0.22 per share, equating to a 2.2% yield.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $40.59. However, two company insiders recently sold shares, reducing their individual holdings.

Moody Aldrich Partners LLC boosted its stake in shares of SM Energy Company (NYSE:SM - Free Report) by 43.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,073 shares of the energy company's stock after purchasing an additional 69,462 shares during the quarter. SM Energy comprises 1.5% of Moody Aldrich Partners LLC's holdings, making the stock its 8th largest holding. Moody Aldrich Partners LLC owned 0.10% of SM Energy worth $7,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SM. Oppenheimer & Co. Inc. bought a new stake in shares of SM Energy in the 3rd quarter valued at about $437,000. Park Avenue Securities LLC purchased a new position in shares of SM Energy in the 3rd quarter worth approximately $252,000. Sigma Planning Corp bought a new position in shares of SM Energy during the 3rd quarter worth approximately $215,000. Brucke Financial Inc. bought a new position in shares of SM Energy during the 3rd quarter worth approximately $205,000. Finally, Signaturefd LLC raised its stake in shares of SM Energy by 13.6% during the 3rd quarter. Signaturefd LLC now owns 18,509 shares of the energy company's stock worth $625,000 after acquiring an additional 2,209 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company's stock.

Insider Buying and Selling at SM Energy

In related news, EVP James Barker Lebeck sold 17,500 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $37.02, for a total value of $647,850.00. Following the transaction, the executive vice president directly owned 14,705 shares of the company's stock, valued at $544,379.10. This represents a 54.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ashwin Venkatraman sold 3,650 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $38.28, for a total value of $139,722.00. Following the completion of the transaction, the director directly owned 12,525 shares in the company, valued at approximately $479,457. The trade was a 22.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.45% of the company's stock.

SM Energy Price Performance

Shares of SM stock opened at $39.53 on Thursday. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $41.56. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 7.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. The stock's 50-day simple moving average is $37.02 and its 200-day simple moving average is $29.99.

SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.23. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company's revenue for the quarter was up 215.3% compared to the same quarter last year. As a group, equities analysts forecast that SM Energy Company will post 8.15 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, September 4th. SM Energy's payout ratio is presently 17.32%.

Wall Street Analysts Forecast Growth

SM has been the subject of a number of analyst reports. Wall Street Zen raised shares of SM Energy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 19th. UBS Group lifted their price target on shares of SM Energy from $36.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, September 14th. Seaport Research Partners started coverage on SM Energy in a research report on Thursday, September 3rd. They set a "sell" rating and a $35.00 price target on the stock. Stephens reduced their price target on SM Energy from $61.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 7th. Finally, Susquehanna increased their price objective on SM Energy from $32.00 to $44.00 and gave the company a "neutral" rating in a report on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, SM Energy currently has an average rating of "Moderate Buy" and an average price target of $40.59.

About SM Energy

SM Energy Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its activities include acquiring prospective acreage, drilling and completing wells, and managing producing properties in U.S. onshore oil and gas basins.

The company's operations are primarily concentrated in Texas, including the Midland Basin in West Texas and the Eagle Ford shale region in South Texas. SM Energy focuses on development of unconventional resources and uses horizontal drilling and hydraulic fracturing technologies to produce hydrocarbons from shale and other tight-rock formations.

Founded in 1908 as St.

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