Two Sigma Advisers LP Has $2.67 Million Stock Position in SM Energy (NYSE:SM)

Two Sigma Advisers LP cut its holdings in shares of SM Energy (NYSE:SM - Free Report) by 37.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 0.06% of SM Energy worth $2,667,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in SM Energy by 22.0% during the fourth quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock valued at $179,546,000 after purchasing an additional 835,929 shares in the last quarter. American Century Companies Inc. raised its position in SM Energy by 8.8% during the fourth quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock valued at $142,718,000 after purchasing an additional 296,601 shares in the last quarter. First Trust Advisors LP raised its position in SM Energy by 40.1% during the fourth quarter. First Trust Advisors LP now owns 2,683,131 shares of the energy company's stock valued at $103,998,000 after purchasing an additional 767,779 shares in the last quarter. Northern Trust Corp raised its position in SM Energy by 10.7% during the fourth quarter. Northern Trust Corp now owns 1,449,483 shares of the energy company's stock valued at $56,182,000 after purchasing an additional 140,228 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in SM Energy by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,255,841 shares of the energy company's stock valued at $48,676,000 after purchasing an additional 32,803 shares in the last quarter. 94.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SM shares. Raymond James reaffirmed an "outperform" rating and set a $34.00 target price (up previously from $30.00) on shares of SM Energy in a research note on Wednesday. KeyCorp decreased their target price on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Williams Trading set a $41.00 target price on shares of SM Energy in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company decreased their target price on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, SM Energy currently has an average rating of "Moderate Buy" and an average target price of $42.42.

SM Energy Trading Up 0.6%

Shares of SM Energy stock traded up $0.15 during 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 1,974,498. 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 has a 52 week low of $19.67 and a 52 week high of $50.77. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 3.56 and a beta of 2.17. The stock has a 50-day moving average price of $24.04 and a two-hundred day moving average price of $33.52.

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 the consensus estimate of $1.60 by $0.16. The business had revenue of $844.54 million for the quarter, compared to analyst estimates of $814.62 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. SM Energy's revenue for the quarter 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. Equities research analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

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

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.