Channing Capital Management LLC decreased its stake in SM Energy (NYSE:SM - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 932,435 shares of the energy company's stock after selling 240,114 shares during the period. Channing Capital Management LLC owned about 0.80% of SM Energy worth $36,104,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new position in shares of SM Energy during the third quarter valued at $32,000. Nomura Asset Management Co. Ltd. boosted its holdings in SM Energy by 59.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company's stock worth $39,000 after purchasing an additional 370 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in SM Energy during the fourth quarter worth about $41,000. Covestor Ltd boosted its holdings in SM Energy by 294.1% during the third quarter. Covestor Ltd now owns 1,064 shares of the energy company's stock worth $42,000 after purchasing an additional 794 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in SM Energy by 3,772.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,394 shares of the energy company's stock worth $54,000 after purchasing an additional 1,358 shares during the last quarter. Institutional investors own 94.56% of the company's stock.
Analyst Ratings Changes
Several research firms have recently issued reports on SM. Seaport Res Ptn raised shares of SM Energy from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 31st. Wells Fargo & Company upped their price target on shares of SM Energy from $45.00 to $51.00 and gave the company an "equal weight" rating in a report on Thursday, April 18th. Mizuho upped their price target on shares of SM Energy from $51.00 to $57.00 and gave the company a "buy" rating in a report on Friday, April 5th. StockNews.com upgraded shares of SM Energy from a "hold" rating to a "buy" rating in a report on Friday. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $45.00 price objective on shares of SM Energy in a report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, SM Energy currently has a consensus rating of "Moderate Buy" and an average price target of $52.57.
Check Out Our Latest Stock Analysis on SM Energy
SM Energy Stock Up 5.0 %
SM Energy stock traded up $2.39 during mid-day trading on Friday, reaching $50.13. The stock had a trading volume of 3,340,961 shares, compared to its average volume of 1,473,311. SM Energy has a one year low of $25.03 and a one year high of $53.26. The company has a 50-day moving average price of $48.24 and a two-hundred day moving average price of $41.62. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 7.86 and a beta of 4.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.45 and a quick ratio of 1.45.
SM Energy (NYSE:SM - Get Free Report) last issued its earnings results on Wednesday, February 21st. The energy company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.17. The firm had revenue of $608.73 million for the quarter, compared to the consensus estimate of $611.35 million. SM Energy had a net margin of 31.80% and a return on equity of 20.48%. The business's revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. On average, analysts expect that SM Energy will post 6.42 EPS for the current fiscal year.
SM Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, April 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, April 18th. SM Energy's payout ratio is 11.29%.
SM Energy Company 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.
See Also
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