Catalyst Capital Advisors LLC purchased a new stake in shares of SM Energy Company (NYSE:SM – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 33,782 shares of the energy company’s stock, valued at approximately $1,053,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. NBC Securities Inc. raised its stake in shares of SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after buying an additional 830 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of SM Energy by 10,461.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after acquiring an additional 1,360 shares during the period. Torren Management LLC increased its holdings in SM Energy by 4,561.1% in the 1st quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after acquiring an additional 821 shares in the last quarter. Global Retirement Partners LLC increased its holdings in SM Energy by 62.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after acquiring an additional 535 shares in the last quarter. Finally, Center for Financial Planning Inc. bought a new stake in SM Energy during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.
Analyst Upgrades and Downgrades
SM has been the subject of a number of recent analyst reports. Mizuho dropped their price target on shares of SM Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. BMO Capital Markets raised their price objective on shares of SM Energy from $26.00 to $33.00 and gave the company a “market perform” rating in a research report on Thursday, April 2nd. Susquehanna lifted their target price on shares of SM Energy from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of SM Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, UBS Group initiated coverage on SM Energy in a research note on Tuesday. They issued a “buy” rating and a $36.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, SM Energy presently has an average rating of “Moderate Buy” and an average target price of $36.93.
SM Energy Trading Up 3.8%
SM Energy stock opened at $31.37 on Friday. The stock has a market cap of $7.52 billion, a P/E ratio of 13.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88. The firm’s 50 day moving average price is $30.10 and its 200-day moving average price is $26.36.
SM Energy (NYSE:SM – Get Free Report) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. SM Energy’s revenue for the quarter was up 75.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.76 earnings per share. On average, equities analysts predict that SM Energy Company will post 7.13 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, June 22nd. Shareholders of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio is 36.97%.
Insider Buying and Selling at SM Energy
In other news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the transaction, the director owned 65,964 shares in the company, valued at $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.45% of the stock is currently owned by insiders.
About SM Energy
SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.
The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.
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