Vanguard Personalized Indexing Management LLC Increases Holdings in SM Energy Company $SM

Vanguard Personalized Indexing Management LLC raised its stake in SM Energy Company (NYSE:SM) by 86.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,655 shares of the energy company’s stock after purchasing an additional 20,698 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in SM Energy were worth $1,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of SM Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 15,269,443 shares of the energy company’s stock valued at $457,320,000 after buying an additional 69,933 shares in the last quarter. American Century Companies Inc. lifted its position in SM Energy by 6.2% during the 1st quarter. American Century Companies Inc. now owns 3,909,004 shares of the energy company’s stock worth $117,075,000 after acquiring an additional 226,911 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in SM Energy by 51.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,207,245 shares of the energy company’s stock worth $96,057,000 after acquiring an additional 1,088,948 shares during the period. Millennium Management LLC boosted its holdings in SM Energy by 663.7% in the 1st quarter. Millennium Management LLC now owns 1,884,536 shares of the energy company’s stock worth $56,442,000 after acquiring an additional 1,637,779 shares during the period. Finally, Invesco Ltd. grew its position in SM Energy by 169.4% in the first quarter. Invesco Ltd. now owns 1,873,860 shares of the energy company’s stock valued at $56,122,000 after acquiring an additional 1,178,397 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Trading Down 2.2%

Shares of NYSE SM opened at $21.30 on Friday. The stock’s 50 day moving average price is $26.16 and its two-hundred day moving average price is $25.34. SM Energy Company has a 52-week low of $19.67 and a 52-week high of $46.42. The stock has a market capitalization of $2.45 billion, a P/E ratio of 3.01 and a beta of 2.30. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.59.

SM Energy (NYSE:SM) last released its earnings results on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.27. The company had revenue of $792.94 million for the quarter, compared to the consensus estimate of $792.58 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.SM Energy’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. On average, analysts anticipate that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 17th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, October 17th. SM Energy’s payout ratio is currently 11.30%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SM. Susquehanna lifted their price objective on shares of SM Energy from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. TD Cowen raised shares of SM Energy to a “strong-buy” rating in a report on Monday, July 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of SM Energy from $34.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Finally, Raymond James Financial downgraded SM Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.50.

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.