Sei Investments Co. Acquires 90,001 Shares of SM Energy Company $SM

Sei Investments Co. grew its holdings in SM Energy Company (NYSE:SMFree Report) by 31.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,939 shares of the energy company’s stock after purchasing an additional 90,001 shares during the period. Sei Investments Co.’s holdings in SM Energy were worth $11,784,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of SM Energy by 79.5% in the first quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock valued at $311,678,000 after acquiring an additional 4,426,751 shares during the period. State Street Corp boosted its position in SM Energy by 1.7% during the fourth quarter. State Street Corp now owns 6,257,360 shares of the energy company’s stock valued at $118,267,000 after acquiring an additional 107,295 shares during the last quarter. Millennium Management LLC grew its holdings in SM Energy by 205.1% in the fourth quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock worth $53,028,000 after purchasing an additional 1,906,255 shares during the period. Geode Capital Management LLC grew its position in SM Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 2,721,147 shares of the energy company’s stock valued at $50,897,000 after purchasing an additional 56,187 shares during the period. Finally, Woodline Partners LP grew its holdings in SM Energy by 198.9% during the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after buying an additional 1,616,822 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Insider Buying and Selling

In other news, Director Ramiro G. Peru sold 24,553 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $33.98, for a total transaction of $834,310.94. Following the transaction, the director directly owned 65,964 shares in the company, valued at $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.45% of the stock is currently owned by corporate insiders.

SM Energy Trading Up 2.5%

Shares of SM Energy stock opened at $32.42 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $7.77 billion, a PE ratio of 13.62 and a beta of 0.73. The firm has a fifty day moving average price of $29.96 and a 200 day moving average price of $27.30. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88.

SM Energy (NYSE:SMGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $1.76 EPS. SM Energy’s quarterly revenue was up 75.0% on a year-over-year basis. Equities research analysts predict that SM Energy Company will post 6.95 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 2.7%. SM Energy’s payout ratio is 36.97%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SM. Truist Financial dropped their price target on shares of SM Energy from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded SM Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Raymond James Financial cut their price objective on SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, Siebert Williams Shank upgraded shares of SM Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $30.00 to $41.00 in a research report on Thursday, May 14th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.53.

Get Our Latest Stock Report on SM

SM Energy Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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