Mackenzie Financial Corp Has $16.19 Million Stock Position in SM Energy (NYSE:SM)

Mackenzie Financial Corp trimmed its stake in shares of SM Energy (NYSE:SM - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 417,746 shares of the energy company's stock after selling 24,195 shares during the quarter. Mackenzie Financial Corp owned approximately 0.37% of SM Energy worth $16,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in SM Energy in the fourth quarter worth $61,000. Global Retirement Partners LLC grew its position in shares of SM Energy by 51.0% during 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 raised its stake in SM Energy by 517.9% during 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 period. Tower Research Capital LLC TRC lifted its holdings in SM Energy by 64.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company's stock worth $183,000 after acquiring an additional 1,854 shares during the last quarter. Finally, KBC Group NV boosted its stake in SM Energy by 46.2% in the fourth quarter. KBC Group NV now owns 4,854 shares of the energy company's stock valued at $188,000 after acquiring an additional 1,533 shares during the period. Institutional investors own 94.56% of the company's stock.

SM Energy Price Performance

SM Energy stock traded up $0.15 during mid-day trading on Thursday, hitting $23.81. The company's stock had a trading volume of 1,692,957 shares, compared to its average volume of 1,971,318. The stock has a market capitalization of $2.73 billion, a P/E ratio of 3.56 and a beta of 2.17. SM Energy has a twelve month low of $19.67 and a twelve month high of $50.77. The stock's fifty day moving average price is $24.20 and its two-hundred day moving average price is $33.66. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66.

SM Energy (NYSE:SM - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $844.54 million for the quarter, compared to analyst estimates of $814.62 million. During the same period in the previous year, the firm earned $1.13 earnings per share. SM Energy's revenue for the quarter was up 50.8% compared to the same quarter last year. Research analysts forecast that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 18th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Thursday, April 17th. SM Energy's payout ratio is 11.20%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SM shares. KeyCorp lowered their price objective on SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Williams Trading set a $41.00 target price on shares of SM Energy in a research report on Wednesday, March 5th. Mizuho cut their price target on SM Energy from $46.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Susquehanna decreased their price objective on SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen downgraded shares of SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. 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 company. According to data from MarketBeat, SM Energy has a consensus rating of "Moderate Buy" and an average price target of $42.42.

SM Energy Company 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.