Mackenzie Financial Corp Sells 24,195 Shares of SM Energy (NYSE:SM)

Mackenzie Financial Corp trimmed its position in SM Energy (NYSE:SM - Free Report) by 5.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 417,746 shares of the energy company's stock after selling 24,195 shares during the period. Mackenzie Financial Corp owned about 0.37% of SM Energy worth $16,192,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new position in SM Energy in the 4th quarter valued at $61,000. Global Retirement Partners LLC boosted its position 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 valued at $84,000 after buying an additional 736 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in SM Energy by 517.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock valued at $159,000 after buying an additional 3,470 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in SM Energy by 64.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company's stock valued at $183,000 after buying an additional 1,854 shares during the last quarter. Finally, KBC Group NV boosted its position in SM Energy by 46.2% in the 4th quarter. KBC Group NV now owns 4,854 shares of the energy company's stock valued at $188,000 after buying an additional 1,533 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors.

SM Energy Stock Down 1.4%

Shares of SM traded down $0.34 during midday trading on Friday, hitting $23.46. The stock had a trading volume of 2,466,526 shares, compared to its average volume of 1,983,326. The company has a 50 day simple moving average of $23.90 and a two-hundred day simple moving average of $33.31. SM Energy has a twelve month low of $19.67 and a twelve month high of $50.77. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 3.51 and a beta of 2.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52.

SM Energy (NYSE:SM - Get Free Report) last released its earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.16. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The business had revenue of $844.54 million for the quarter, compared to the consensus estimate of $814.62 million. During the same quarter in the previous year, the business earned $1.13 earnings per share. SM Energy's quarterly revenue was up 50.8% on a year-over-year basis. On average, analysts anticipate that SM Energy will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 18th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Thursday, April 17th. SM Energy's payout ratio is currently 11.20%.

Analyst Ratings Changes

A number of research analysts have commented on SM shares. Wells Fargo & Company decreased their price objective on SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Stephens decreased their price objective on SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Susquehanna reduced their price target on SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Williams Trading set a $41.00 price target on SM Energy in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price target on SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SM Energy has a consensus rating of "Moderate Buy" and a consensus target price of $42.42.

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.