LSP Investment Advisors LLC Has $11.79 Million Holdings in SM Energy (NYSE:SM)

LSP Investment Advisors LLC increased its holdings in shares of SM Energy (NYSE:SM - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 304,191 shares of the energy company's stock after buying an additional 105,945 shares during the quarter. SM Energy accounts for about 8.4% of LSP Investment Advisors LLC's holdings, making the stock its 4th biggest holding. LSP Investment Advisors LLC owned approximately 0.27% of SM Energy worth $11,790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SM. Barclays PLC boosted its stake 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 purchasing an additional 80,343 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of SM Energy in the third quarter valued at $3,048,000. Range Financial Group LLC bought a new stake in shares of SM Energy in the fourth quarter valued at approximately $833,000. Principal Financial Group Inc. grew its holdings in SM Energy by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 635,822 shares of the energy company's stock valued at $24,644,000 after buying an additional 24,701 shares in the last quarter. Finally, Intrust Bank NA purchased a new stake in shares of SM Energy in the fourth quarter worth $396,000. Institutional investors own 94.56% of the company's stock.

Insider Activity

In other SM Energy news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the acquisition, the director now owns 14,666 shares in the company, valued at $474,591.76. The trade was a 91.31 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

SM Energy Stock Performance

Shares of NYSE:SM opened at $23.63 on Tuesday. The business's 50 day moving average price is $27.42 and its 200-day moving average price is $36.47. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. The firm has a market capitalization of $2.70 billion, a PE ratio of 3.54 and a beta of 3.75. SM Energy has a 1 year low of $19.67 and a 1 year high of $51.94.

SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.09). The firm had revenue of $852.22 million during the quarter, compared to analysts' expectations of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. As a group, equities research analysts expect that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SM shares. Williams Trading set a $41.00 price target on SM Energy in a research report on Wednesday, March 5th. KeyCorp decreased their target price on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Stephens cut their target price on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective on SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company reduced their price objective on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.00.

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 (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.