Caxton Associates LLP Makes New $4.40 Million Investment in SM Energy Company $SM

Caxton Associates LLP bought a new position in SM Energy Company (NYSE:SM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 147,041 shares of the energy company’s stock, valued at approximately $4,404,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of SM Energy by 69.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock worth $30,000 after acquiring an additional 417 shares during the period. Parallel Advisors LLC lifted its stake in shares of SM Energy by 200.8% in the 1st quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company’s stock worth $34,000 after acquiring an additional 747 shares during the period. Brooklyn Investment Group lifted its stake in shares of SM Energy by 1,097.9% in the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company’s stock worth $34,000 after acquiring an additional 1,043 shares during the period. Byrne Asset Management LLC lifted its stake in SM Energy by 172.8% during the first quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company’s stock valued at $44,000 after purchasing an additional 933 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in SM Energy by 80.7% during the first quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company’s stock valued at $46,000 after purchasing an additional 679 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SM. Wells Fargo & Company cut their target price on shares of SM Energy from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, June 16th. Mizuho upped their price target on shares of SM Energy from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Raymond James Financial downgraded shares of SM Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. Susquehanna raised their target price on SM Energy from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, TD Cowen raised SM Energy to a “strong-buy” rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.50.

SM Energy Stock Down 4.8%

SM stock opened at $26.87 on Monday. SM Energy Company has a 12-month low of $19.67 and a 12-month high of $46.42. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.59. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 3.79 and a beta of 2.47. The company has a 50 day moving average of $27.03 and a two-hundred day moving average of $26.35.

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

SM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 4th. Shareholders of record on Friday, July 18th were given a $0.20 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. SM Energy’s payout ratio is 11.30%.

About SM Energy

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.