UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $14.41 Million Position in SM Energy (NYSE:SM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in SM Energy (NYSE:SM - Free Report) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 371,803 shares of the energy company's stock after selling 50,027 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.32% of SM Energy worth $14,411,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in SM Energy by 64.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company's stock valued at $183,000 after buying an additional 1,854 shares during the last quarter. Barclays PLC grew its holdings in shares of SM Energy by 47.3% in the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company's stock valued at $10,002,000 after acquiring an additional 80,343 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of SM Energy by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 635,822 shares of the energy company's stock valued at $24,644,000 after acquiring an additional 24,701 shares during the last quarter. Intrust Bank NA acquired a new stake in shares of SM Energy in the fourth quarter valued at about $396,000. Finally, Rhumbline Advisers raised its holdings in SM Energy by 2.0% during the fourth quarter. Rhumbline Advisers now owns 393,864 shares of the energy company's stock worth $15,266,000 after acquiring an additional 7,887 shares in the last quarter. Institutional investors own 94.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Williams Trading set a $41.00 price target on SM Energy in a research report on Wednesday, March 5th. Wells Fargo & Company lowered 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 report on Tuesday, March 25th. Raymond James reiterated an "outperform" rating and issued a $34.00 price target (up previously from $30.00) on shares of SM Energy in a research note on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price objective on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Stephens dropped their target price on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.42.

SM Energy Stock Performance

SM traded up $1.02 on Tuesday, reaching $24.94. The company had a trading volume of 272,860 shares, compared to its average volume of 1,978,256. The stock has a market cap of $2.85 billion, a P/E ratio of 3.73 and a beta of 2.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. SM Energy has a fifty-two week low of $19.67 and a fifty-two week high of $50.77. The company's fifty day moving average is $23.76 and its 200 day moving average is $33.10.

SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share 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 during the quarter, compared to the consensus estimate of $814.62 million. During the same quarter last year, the firm earned $1.13 earnings per share. The company's revenue was up 50.8% on a year-over-year basis. As a group, analysts predict that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, April 17th. SM Energy's dividend payout ratio is currently 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.