Two Sigma Advisers LP lessened its holdings in SM Energy (NYSE:SM - Free Report) by 37.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,800 shares of the energy company's stock after selling 40,700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.06% of SM Energy worth $2,667,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of SM. R Squared Ltd acquired a new position in shares of SM Energy in the 4th quarter valued at $61,000. Global Retirement Partners LLC increased its position in SM Energy by 51.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock worth $84,000 after acquiring an additional 736 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of SM Energy by 517.9% in the 4th 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 raised its position 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 purchasing an additional 1,854 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of SM Energy by 46.2% during 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 Stock Down 1.4%
SM Energy stock traded down $0.34 on Friday, hitting $23.46. 2,466,526 shares of the stock traded hands, compared to its average volume of 1,983,326. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. The business's fifty day simple moving average is $23.90 and its 200 day simple moving average is $33.23. The firm has a market cap of $2.69 billion, a P/E ratio of 3.51 and a beta of 2.17. SM Energy has a 1 year low of $19.67 and a 1 year high of $50.77.
SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.16. The firm had revenue of $844.54 million during the quarter, compared to analysts' expectations of $814.62 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company's revenue was up 50.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. As a group, sell-side analysts forecast that SM Energy will post 8.1 earnings per share for the current year.
SM Energy Announces Dividend
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 3.41%. The ex-dividend date was Thursday, April 17th. SM Energy's payout ratio is currently 11.20%.
Wall Street Analyst Weigh In
Several analysts have weighed in on SM shares. KeyCorp dropped their price objective on SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Mizuho lowered their target price on SM Energy from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company reduced their target price on SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Williams Trading set a $41.00 price objective on shares of SM Energy in a report on Wednesday, March 5th. Finally, Raymond James restated an "outperform" rating and set a $34.00 price objective (up from $30.00) on shares of SM Energy in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, SM Energy has an average rating of "Moderate Buy" and a consensus target price of $42.42.
Check Out Our Latest Report on SM Energy
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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