Tributary Capital Management LLC grew its stake in SM Energy Company (NYSE:SM - Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 583,013 shares of the energy company's stock after buying an additional 25,041 shares during the quarter. Tributary Capital Management LLC owned 0.51% of SM Energy worth $17,461,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Proficio Capital Partners LLC acquired a new position in SM Energy during the fourth quarter worth approximately $256,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in SM Energy during the fourth quarter worth approximately $753,000. Natixis Advisors LLC increased its position in SM Energy by 4.8% during the fourth quarter. Natixis Advisors LLC now owns 42,920 shares of the energy company's stock worth $1,664,000 after buying an additional 1,978 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in SM Energy by 5.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,214 shares of the energy company's stock worth $473,000 after buying an additional 677 shares during the period. Finally, Royce & Associates LP increased its position in SM Energy by 6.7% during the fourth quarter. Royce & Associates LP now owns 232,523 shares of the energy company's stock worth $9,013,000 after buying an additional 14,644 shares during the period. Institutional investors and hedge funds own 94.56% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on SM shares. Susquehanna cut 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. Stephens dropped their target price on SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. KeyCorp dropped their target price on SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. TD Cowen raised SM Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, Mizuho dropped their target price on SM Energy from $46.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.08.
Read Our Latest Report on SM
SM Energy Price Performance
Shares of NYSE:SM traded up $0.95 on Thursday, hitting $26.66. The company had a trading volume of 2,019,510 shares, compared to its average volume of 1,988,163. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. SM Energy Company has a 52-week low of $19.67 and a 52-week high of $48.49. The business has a 50 day moving average of $25.51 and a 200 day moving average of $29.80. The company has a market cap of $3.05 billion, a PE ratio of 3.73 and a beta of 2.16.
SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.16. SM Energy had a return on equity of 19.90% and a net margin of 27.61%. The business had revenue of $844.54 million for the quarter, compared to the consensus estimate of $814.62 million. During the same period in the prior year, the business earned $1.13 earnings per share. The business's revenue was up 50.8% on a year-over-year basis. As a group, equities analysts anticipate that SM Energy Company will post 8.1 earnings per share for the current fiscal year.
SM Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Friday, July 18th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 3.00%. SM Energy's payout ratio is currently 11.20%.
About SM Energy
(
Free Report)
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.
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