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Y Intercept Hong Kong Ltd Grows Holdings in SM Energy Company (NYSE:SM)

SM Energy logo with Energy background

Key Points

  • Y Intercept Hong Kong Ltd increased its position in SM Energy Company by 145.1% in the first quarter, owning 20,393 shares valued at $611,000.
  • SM Energy reported $1.76 earnings per share for the last quarter, exceeding analyst estimates of $1.60, and showed a year-over-year revenue growth of 50.8%.
  • The company declared a quarterly dividend of $0.20 per share, amounting to an annualized dividend yield of 2.91% and a payout ratio of 11.20%.
  • Five stocks to consider instead of SM Energy.
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Y Intercept Hong Kong Ltd grew its holdings in shares of SM Energy Company (NYSE:SM - Free Report) by 145.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,393 shares of the energy company's stock after acquiring an additional 12,074 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in SM Energy were worth $611,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. New York State Common Retirement Fund purchased a new position in SM Energy during the 1st quarter valued at $25,363,000. JPMorgan Chase & Co. increased its position in SM Energy by 22.0% during the 4th 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 during the period. First Trust Advisors LP increased its position in SM Energy by 40.1% during the 4th 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 during the period. Raymond James Financial Inc. purchased a new position in SM Energy during the 4th quarter valued at $22,059,000. Finally, Palisade Capital Management LP increased its position in SM Energy by 45.5% during the 1st quarter. Palisade Capital Management LP now owns 1,226,895 shares of the energy company's stock valued at $36,746,000 after purchasing an additional 383,616 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.

SM Energy Stock Down 4.0%

SM Energy stock traded down $1.16 during mid-day trading on Wednesday, reaching $27.70. The stock had a trading volume of 1,707,277 shares, compared to its average volume of 1,846,642. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 3.88 and a beta of 2.16. The company has a 50-day moving average price of $26.07 and a two-hundred day moving average price of $28.95. SM Energy Company has a one year low of $19.67 and a one year high of $47.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.57 and a quick ratio of 0.57.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.16. SM Energy had a net margin of 27.61% and a return on equity of 19.90%. The company had revenue of $844.54 million for the quarter, compared to analysts' expectations of $814.62 million. During the same quarter in the previous year, the business posted $1.13 EPS. SM Energy's revenue was up 50.8% compared to the same quarter last year. On average, analysts expect that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 18th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, July 18th. SM Energy's dividend payout ratio (DPR) is 11.20%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SM. Mizuho reduced their price objective on shares of SM Energy from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. KeyCorp reduced their price objective on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Susquehanna boosted their target price on shares of SM Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. TD Cowen upgraded shares of SM Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company dropped their target price on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, SM Energy has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

Check Out Our Latest Stock Analysis on SM Energy

SM Energy Profile

(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.

Further Reading

Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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