GAMMA Investing LLC Has $4.21 Million Stake in SM Energy (NYSE:SM)

GAMMA Investing LLC raised its holdings in shares of SM Energy (NYSE:SM - Free Report) by 2,488.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,436 shares of the energy company's stock after buying an additional 135,010 shares during the period. GAMMA Investing LLC owned about 0.12% of SM Energy worth $4,206,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its stake in SM Energy by 51.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock worth $84,000 after purchasing an additional 736 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of SM Energy by 517.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock valued at $159,000 after purchasing an additional 3,470 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of SM Energy by 64.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company's stock valued at $183,000 after purchasing an additional 1,854 shares in the last quarter. Numerai GP LLC bought a new position in SM Energy in the 4th quarter worth $208,000. Finally, Corton Capital Inc. bought a new position in SM Energy in the 4th quarter worth $213,000. 94.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SM has been the topic of several recent analyst reports. Mizuho dropped their target price on shares of SM Energy from $46.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Raymond James reiterated an "outperform" rating and set a $34.00 target price (up from $30.00) on shares of SM Energy in a research report on Wednesday, May 28th. Wall Street Zen downgraded shares of SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, KeyCorp dropped their price target on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.42.

SM Energy Trading Up 4.2%

NYSE:SM traded up $1.15 during trading hours on Friday, hitting $28.28. The stock had a trading volume of 2,706,631 shares, compared to its average volume of 2,011,325. SM Energy has a one year low of $19.67 and a one year high of $50.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 4.23 and a beta of 2.19. The business's 50 day moving average is $23.61 and its 200-day moving average is $32.07.

SM Energy (NYSE:SM - Get Free Report) last issued 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. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The firm had revenue of $844.54 million during the quarter, compared to the consensus estimate of $814.62 million. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The business's quarterly revenue was up 50.8% on a year-over-year basis. Sell-side analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Thursday, April 17th. SM Energy's dividend payout ratio is 11.20%.

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.