Caxton Associates LLP grew its stake in SM Energy Company (NYSE:SM – Free Report) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,662 shares of the energy company’s stock after purchasing an additional 16,611 shares during the period. Caxton Associates LLP owned about 0.09% of SM Energy worth $6,506,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of SM. NBC Securities Inc. grew its holdings in shares of SM Energy by 160.5% during the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after purchasing an additional 830 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in SM Energy by 10,461.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock worth $26,000 after buying an additional 1,360 shares during the last quarter. Global Retirement Partners LLC grew its holdings in SM Energy by 62.9% during 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 during the period. Torren Management LLC raised its position in shares of 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. Finally, Johnson Financial Group Inc. bought a new stake in SM Energy in the third quarter worth approximately $31,000. 94.56% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Stephens dropped their price target on SM Energy from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Susquehanna raised their price objective on shares of SM Energy from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday. UBS Group initiated coverage on SM Energy in a report on Tuesday, July 14th. They set a “buy” rating and a $36.00 price objective for the company. Wall Street Zen raised SM Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Roth Capital upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $30.00 to $32.00 in a report on Monday, June 22nd. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, SM Energy currently has an average rating of “Moderate Buy” and an average target price of $36.53.
Insider Buying and Selling at SM Energy
In other news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the sale, the director directly owned 65,964 shares of the company’s stock, valued at approximately $2,241,456.72. The trade was a 27.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.
SM Energy Trading Up 1.1%
NYSE:SM opened at $33.56 on Friday. The company has a market cap of $8.05 billion, a P/E ratio of 14.10 and a beta of 0.73. The stock’s fifty day moving average price is $30.21 and its two-hundred day moving average price is $26.80. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88. 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 (NYSE:SM – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $1.76 EPS. The firm’s revenue for the quarter was up 75.0% compared to the same quarter last year. As a group, analysts expect that SM Energy Company will post 6.95 EPS for the current year.
SM Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. SM Energy’s dividend payout ratio is presently 36.97%.
SM Energy Company Profile
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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