CSM Advisors LLC Buys New Position in SM Energy Company $SM

CSM Advisors LLC bought a new stake in SM Energy Company (NYSE:SM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 167,250 shares of the energy company’s stock, valued at approximately $4,134,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC acquired a new stake in shares of SM Energy during the second quarter worth about $1,709,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in SM Energy by 46.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 417,174 shares of the energy company’s stock worth $10,308,000 after buying an additional 132,835 shares during the period. Fox Run Management L.L.C. lifted its holdings in SM Energy by 110.3% during the 2nd quarter. Fox Run Management L.L.C. now owns 25,780 shares of the energy company’s stock worth $637,000 after buying an additional 13,520 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its position in SM Energy by 25.0% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 3,300 shares of the energy company’s stock valued at $82,000 after buying an additional 661 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in SM Energy by 1.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 280,303 shares of the energy company’s stock valued at $6,926,000 after buying an additional 3,000 shares during the period. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Trading Up 2.2%

NYSE:SM opened at $18.30 on Monday. SM Energy Company has a 1 year low of $17.58 and a 1 year high of $46.42. The stock has a market cap of $2.10 billion, a P/E ratio of 2.58 and a beta of 2.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a 50-day simple moving average of $24.09 and a 200-day simple moving average of $25.13.

SM Energy (NYSE:SM) last issued its earnings results on Tuesday, November 4th. The energy company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.08. The business had revenue of $811.59 million for the quarter, compared to analyst estimates of $838.24 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. As a group, analysts anticipate that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. SM Energy’s dividend payout ratio (DPR) is presently 12.62%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price target on SM Energy from $34.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Zacks Research raised SM Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Roth Capital set a $28.00 price objective on SM Energy in a research report on Monday, November 3rd. Finally, Mizuho set a $38.00 target price on shares of SM Energy in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.64.

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.