Vanguard Personalized Indexing Management LLC Grows Position in SM Energy Company $SM

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in SM Energy Company by 86.4% in Q2, acquiring a total of 44,655 shares valued at $1,103,000.
• SM Energy reported a quarterly EPS of $1.50, exceeding analyst expectations of $1.23, with a year-over-year revenue increase of 25% to $792.94 million.
• The company declared a quarterly dividend of $0.20 per share, which is set to be paid on November 3rd, reflecting an annual yield of 3.8%.

Vanguard Personalized Indexing Management LLC raised its stake in SM Energy Company (NYSE:SM - Free Report) by 86.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,655 shares of the energy company's stock after acquiring an additional 20,698 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in SM Energy were worth $1,103,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Inspire Investing LLC increased its position in SM Energy by 43.0% during the 2nd quarter. Inspire Investing LLC now owns 19,034 shares of the energy company's stock worth $470,000 after purchasing an additional 5,728 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of SM Energy by 25.2% during the 2nd quarter. Aberdeen Group plc now owns 559,288 shares of the energy company's stock worth $13,943,000 after purchasing an additional 112,529 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of SM Energy by 6.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 36,000 shares of the energy company's stock worth $890,000 after purchasing an additional 2,200 shares during the last quarter. ZWJ Investment Counsel Inc. purchased a new stake in shares of SM Energy during the second quarter worth about $227,000. Finally, Signaturefd LLC grew its holdings in shares of SM Energy by 21.9% during the second quarter. Signaturefd LLC now owns 3,118 shares of the energy company's stock worth $77,000 after buying an additional 560 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Price Performance

Shares of SM Energy stock opened at $21.30 on Friday. The business's fifty day moving average price is $26.16 and its 200 day moving average price is $25.34. SM Energy Company has a twelve month low of $19.67 and a twelve 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. The stock has a market capitalization of $2.45 billion, a P/E ratio of 3.01 and a beta of 2.30.

SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $792.94 million for the quarter, compared to the consensus estimate of $792.58 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The company's quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business posted $1.85 EPS. As a group, research analysts anticipate that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

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 $0.20 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.80 annualized dividend and a yield of 3.8%. SM Energy's dividend payout ratio (DPR) is presently 11.30%.

Analyst Ratings Changes

Several equities analysts recently issued reports on SM shares. Susquehanna upped their price objective on shares of SM Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Mizuho set a $38.00 price target on SM Energy in a research note on Friday, October 10th. TD Cowen upgraded SM Energy to a "strong-buy" rating in a report on Monday, July 7th. Zacks Research downgraded SM Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of SM Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, SM Energy currently has an average rating of "Hold" and a consensus price target of $37.50.

SM Energy 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.

Want to see what other hedge funds are holding SM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SM Energy Company (NYSE:SM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.