SM Energy Company $SM Stock: Leeward Investments LLC MA Reduces Position

Key Points

• Leeward Investments LLC MA cut its SM Energy position by 9.7% in the third quarter, selling 40,311 shares and retaining 376,172 shares valued at approximately $12.7 million. Institutional investors collectively own 94.56% of the company.
• SM Energy reported quarterly earnings of $2.19 per share, exceeding the $1.96 consensus estimate, while revenue rose 215.3% year over year to $2.50 billion.
• The company pays a quarterly dividend of $0.22, or $0.88 annually, representing a 2.2% yield. Analysts assign the stock a consensus “Moderate Buy” rating with an average price target of $40.59.

Leeward Investments LLC MA lowered its position in SM Energy Company (NYSE:SM - Free Report) by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 376,172 shares of the energy company's stock after selling 40,311 shares during the period. Leeward Investments LLC MA owned about 0.16% of SM Energy worth $12,707,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Brucke Financial Inc. bought a new stake in shares of SM Energy during the 3rd quarter valued at about $205,000. Signaturefd LLC increased its position 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 valued at $625,000 after purchasing an additional 2,209 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of SM Energy in the 3rd quarter worth approximately $331,000. RWC Asset Management LLP lifted its stake in shares of SM Energy by 104.2% in the 3rd quarter. RWC Asset Management LLP now owns 18,555 shares of the energy company's stock worth $627,000 after purchasing an additional 9,469 shares during the period. Finally, James Investment Research Inc. bought a new position in shares of SM Energy in the 3rd quarter worth approximately $226,000. Institutional investors own 94.56% of the company's stock.

SM Energy Stock Performance

Shares of SM opened at $40.10 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The business has a 50-day simple moving average of $36.79 and a two-hundred day simple moving average of $32.48. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 7.89 and a beta of 0.95. SM Energy Company has a 52 week low of $17.45 and a 52 week high of $41.56.

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

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 4th. SM Energy's dividend payout ratio is currently 17.32%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SM shares. Zacks Research raised shares of SM Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. Scotiabank assumed coverage on shares of SM Energy in a report on Wednesday, October 14th. They set a "sector perform" rating and a $39.00 target price for the company. KeyCorp increased their price target on shares of SM Energy from $39.00 to $46.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 15th. Mizuho set a $39.00 price target on shares of SM Energy in a research report on Wednesday, October 7th. Finally, Wells Fargo & Company upgraded shares of SM Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $32.00 to $47.00 in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.59.

Insider Buying and Selling

In other SM Energy news, EVP James Barker Lebeck sold 17,500 shares of SM Energy stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $37.02, for a total transaction of $647,850.00. Following the transaction, the executive vice president owned 14,705 shares of the company's stock, valued at $544,379.10. The trade was a 54.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ashwin Venkatraman sold 3,650 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $38.28, for a total transaction of $139,722.00. Following the completion of the transaction, the director owned 12,525 shares of the company's stock, valued at approximately $479,457. The trade was a 22.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.45% of the stock is currently owned by company insiders.

SM Energy Company Profile

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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