Jump Financial LLC Acquires 12,511 Shares of SM Energy (NYSE:SM)

Jump Financial LLC lifted its position in SM Energy (NYSE:SM - Free Report) by 196.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,878 shares of the energy company's stock after purchasing an additional 12,511 shares during the period. Jump Financial LLC's holdings in SM Energy were worth $732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Gallacher Capital Management LLC boosted its holdings in SM Energy by 4.5% in the fourth quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company's stock valued at $318,000 after acquiring an additional 350 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of SM Energy by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company's stock worth $464,000 after buying an additional 379 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of SM Energy by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 97,800 shares of the energy company's stock worth $3,791,000 after buying an additional 400 shares during the period. National Bank of Canada FI increased its stake in shares of SM Energy by 7.6% in the 4th quarter. National Bank of Canada FI now owns 6,975 shares of the energy company's stock worth $270,000 after acquiring an additional 492 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in SM Energy by 7.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,823 shares of the energy company's stock worth $291,000 after acquiring an additional 499 shares in the last quarter. Institutional investors own 94.56% of the company's stock.

Insiders Place Their Bets

In other SM Energy news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $32.36 per share, with a total value of $226,520.00. Following the transaction, the director now directly owns 14,666 shares in the company, valued at approximately $474,591.76. The trade was a 91.31 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

SM Energy Stock Performance

NYSE:SM traded up $0.15 during trading hours on Monday, reaching $23.63. The company had a trading volume of 1,560,493 shares, compared to its average volume of 1,888,267. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. SM Energy has a 52 week low of $19.67 and a 52 week high of $51.94. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 3.54 and a beta of 3.75. The firm's 50 day moving average price is $27.42 and its 200-day moving average price is $36.47.

SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company had revenue of $852.22 million during the quarter, compared to the consensus estimate of $849.44 million. On average, analysts forecast that SM Energy will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 18th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Thursday, April 17th. SM Energy's dividend payout ratio (DPR) is presently 11.98%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SM. Susquehanna cut their price objective on shares of SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective 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. Williams Trading set a $41.00 price objective on shares of SM Energy in a report on Wednesday, March 5th. StockNews.com cut shares of SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Truist Financial upped their price objective on shares of SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $44.00.

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.