SM Energy Company (NYSE:SM) Position Reduced by CX Institutional

CX Institutional cut its position in SM Energy Company (NYSE:SM - Free Report) by 79.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,330 shares of the energy company's stock after selling 16,315 shares during the quarter. CX Institutional's holdings in SM Energy were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SM. Parallel Advisors LLC raised 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 valued at $34,000 after buying an additional 747 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of SM Energy by 80.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company's stock valued at $46,000 after buying an additional 679 shares during the last quarter. Global Retirement Partners LLC raised its stake in SM Energy by 51.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock worth $84,000 after acquiring an additional 736 shares during the period. Smartleaf Asset Management LLC lifted its holdings in SM Energy by 517.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock worth $159,000 after acquiring an additional 3,470 shares during the last quarter. Finally, Portside Wealth Group LLC bought a new position in SM Energy in the first quarter worth about $164,000. 94.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SM. Wall Street Zen cut SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Wells Fargo & Company reduced their target price on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Monday. Mizuho decreased their target price on shares of SM Energy from $46.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Stephens cut their price target on SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased their price objective on SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SM Energy presently has an average rating of "Moderate Buy" and an average price target of $42.08.

SM Energy Price Performance

NYSE SM traded up $0.18 on Tuesday, reaching $27.94. The company's stock had a trading volume of 2,359,816 shares, compared to its average volume of 2,017,146. SM Energy Company has a twelve month low of $19.67 and a twelve month high of $50.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57. The firm's 50 day moving average is $23.75 and its two-hundred day moving average is $31.77. The stock has a market cap of $3.20 billion, a PE ratio of 3.89 and a beta of 2.19.

SM Energy (NYSE:SM - Get Free Report) last released its earnings results on Thursday, May 1st. The energy company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.60 by $0.16. The business had revenue of $844.54 million during the quarter, compared to analyst estimates of $814.62 million. SM Energy had a net margin of 27.61% and a return on equity of 19.90%. The business's quarterly revenue was up 50.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 earnings per share. As a group, sell-side analysts predict that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 18th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Thursday, April 17th. SM Energy's dividend payout ratio is presently 11.20%.

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.