Bridgewater Associates LP trimmed its position in shares of SM Energy (NYSE:SM - Free Report) by 37.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,404 shares of the energy company's stock after selling 180,715 shares during the quarter. Bridgewater Associates LP owned 0.27% of SM Energy worth $11,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of SM Energy during the 4th quarter worth $61,000. Global Retirement Partners LLC increased its holdings in SM Energy by 51.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock worth $84,000 after acquiring an additional 736 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in SM Energy by 517.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock worth $159,000 after acquiring an additional 3,470 shares during the period. KBC Group NV boosted its position in shares of SM Energy by 46.2% in the fourth quarter. KBC Group NV now owns 4,854 shares of the energy company's stock worth $188,000 after purchasing an additional 1,533 shares during the period. Finally, Heritage Family Offices LLP raised its position in shares of SM Energy by 13.2% during the 4th quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company's stock valued at $242,000 after purchasing an additional 726 shares during the period. Institutional investors own 94.56% of the company's stock.
Insider Buying and Selling
In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the purchase, the director now directly owns 14,666 shares in the company, valued at $474,591.76. This represents a 91.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on SM shares. KeyCorp decreased their price target on SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday. StockNews.com lowered shares of SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Wells Fargo & Company dropped their target price on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. Stephens dropped their price objective 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. Finally, Williams Trading set a $41.00 target price on SM Energy in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $45.83.
Get Our Latest Stock Analysis on SM
SM Energy Trading Up 4.5 %
Shares of SM traded up $0.99 during mid-day trading on Tuesday, reaching $23.01. 185,870 shares of the company's stock traded hands, compared to its average volume of 1,868,079. SM Energy has a 12 month low of $19.67 and a 12 month high of $51.94. 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 stock has a market cap of $2.63 billion, a P/E ratio of 3.45 and a beta of 3.75. The stock's 50-day moving average is $28.96 and its two-hundred day moving average is $37.23.
SM Energy (NYSE:SM - Get Free Report) last posted its quarterly 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). The company had revenue of $852.22 million during the quarter, compared to the consensus estimate of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. Research analysts forecast that SM Energy will post 8.1 earnings per share for the current fiscal year.
SM Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 18th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.48%. The ex-dividend date is Thursday, April 17th. SM Energy's payout ratio is 11.98%.
About SM Energy
(
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.
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