Vise Technologies Inc. Acquires New Stake in SM Energy Company $SM

Key Points

• Vise Technologies acquired 37,515 shares of SM Energy in the second quarter, valued at approximately $979,000. Institutional investors collectively own 94.56% of the company, including a new $1.03 billion position from BlackRock.
• SM Energy reported strong quarterly results, with EPS of $2.19 beating estimates of $1.96 and revenue of $2.50 billion surpassing the $2.02 billion consensus. Revenue increased 215.3% year over year.
• Analyst sentiment is broadly positive: SM has a “Moderate Buy” consensus rating, with an average price target of $37.93, though targets range from $36 to $52. The stock recently opened at $37.34, near its 52-week high of $38.25.

Vise Technologies Inc. bought a new position in shares of SM Energy Company (NYSE:SM - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 37,515 shares of the energy company's stock, valued at approximately $979,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SM. BlackRock Inc. acquired a new position in shares of SM Energy in the second quarter worth $1,025,229,000. Deutsche Bank AG purchased a new stake in shares of SM Energy during the second quarter worth $7,206,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of SM Energy in the second quarter valued at $48,000. Horizon Investment Services LLC acquired a new stake in shares of SM Energy in the second quarter valued at $511,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of SM Energy in the second quarter valued at $79,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Stock Down 0.8%

SM Energy stock opened at $37.34 on Friday. The stock has a market cap of $8.88 billion, a PE ratio of 7.35 and a beta of 0.73. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62. The stock's fifty day moving average is $30.18 and its two-hundred day moving average is $28.80. SM Energy Company has a 1-year low of $17.45 and a 1-year high of $38.25.

SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.23. The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The business's quarterly revenue was up 215.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 EPS. On average, sell-side analysts expect that SM Energy Company will post 7.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SM. UBS Group assumed coverage on SM Energy in a research note on Tuesday, July 14th. They set a "buy" rating and a $36.00 target price for the company. Siebert Williams Shank upgraded SM Energy from a "hold" rating to a "buy" rating and lifted their price objective for the company from $30.00 to $41.00 in a research note on Thursday, May 14th. Wells Fargo & Company raised SM Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $32.00 to $47.00 in a research report on Thursday, August 13th. Stephens cut their target price on shares of SM Energy from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of SM Energy in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $37.93.

About SM Energy

SM Energy Company NYSE: SM is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy's operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company's core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.

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