Tributary Capital Management LLC Has $12.37 Million Stock Holdings in SM Energy Company $SM

Key Points

• Tributary Capital Management LLC reduced its stake in SM Energy Company by 14.1%, holding 500,644 shares worth approximately $12.37 million after selling 82,369 shares.
• SM Energy Company recently declared a quarterly dividend of $0.20 per share, representing an annualized yield of 3.9%, with the ex-dividend date set for October 17th.
• SM Energy reported $1.50 EPS for the last quarter, surpassing analysts' estimates, with quarterly revenue increasing by 25% year-over-year.

Tributary Capital Management LLC decreased its holdings in shares of SM Energy Company (NYSE:SM - Free Report) by 14.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,644 shares of the energy company's stock after selling 82,369 shares during the period. Tributary Capital Management LLC owned 0.44% of SM Energy worth $12,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of SM Energy by 69.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company's stock valued at $30,000 after purchasing an additional 417 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of SM Energy by 1,097.9% during the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company's stock valued at $34,000 after purchasing an additional 1,043 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in shares of SM Energy during the 1st quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of SM Energy by 332.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,887 shares of the energy company's stock valued at $47,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of SM Energy by 73.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,899 shares of the energy company's stock valued at $57,000 after purchasing an additional 802 shares in the last quarter. Institutional investors own 94.56% of the company's stock.

SM Energy Stock Performance

Shares of SM Energy stock opened at $20.57 on Thursday. The business's fifty day simple moving average is $25.82 and its 200 day simple moving average is $25.27. The firm has a market capitalization of $2.36 billion, a P/E ratio of 2.91 and a beta of 2.30. SM Energy Company has a 12 month low of $19.67 and a 12 month high of $46.42. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.27. The business had revenue of $792.94 million for the quarter, compared to analyst estimates of $792.58 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.SM Energy's quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the company posted $1.85 earnings per share. As a group, analysts anticipate that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 17th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, October 17th. SM Energy's dividend payout ratio (DPR) is 11.30%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SM. TD Cowen upgraded SM Energy to a "strong-buy" rating in a research report on Monday, July 7th. Zacks Research lowered SM Energy from a "hold" rating to a "strong sell" rating in a report on Friday, October 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of SM Energy in a report on Wednesday, October 8th. Royal Bank Of Canada increased their price target on SM Energy from $34.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, October 9th. Finally, Susquehanna lowered their price target on SM Energy to $27.00 and set a "neutral" rating for the company in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $37.50.

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.

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