Moody Aldrich Partners LLC increased its holdings in SM Energy Company (NYSE:SM – Free Report) by 43.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 229,073 shares of the energy company’s stock after buying an additional 69,462 shares during the period. SM Energy accounts for about 1.5% of Moody Aldrich Partners LLC’s portfolio, making the stock its 8th biggest position. Moody Aldrich Partners LLC’s holdings in SM Energy were worth $7,738,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of SM Energy by 112.1% in the first quarter. Royal Bank of Canada now owns 94,115 shares of the energy company’s stock worth $2,935,000 after acquiring an additional 49,740 shares during the period. GSA Capital Partners LLP purchased a new position in shares of SM Energy during the second quarter worth $2,243,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of SM Energy during the second quarter worth $2,965,000. Readystate Asset Management LP lifted its position in SM Energy by 293.3% during the second quarter. Readystate Asset Management LP now owns 222,880 shares of the energy company’s stock valued at $5,817,000 after purchasing an additional 166,208 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in SM Energy during the second quarter valued at $1,489,000. 94.56% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on SM. Mizuho set a $39.00 price target on shares of SM Energy in a report on Wednesday, October 7th. Seaport Research Partners initiated coverage on SM Energy in a research note on Thursday, September 3rd. They set a “sell” rating and a $35.00 price objective for the company. Stephens reduced their price objective on SM Energy from $61.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Raymond James Financial reissued an “outperform” rating and issued a $50.00 price objective on shares of SM Energy in a report on Wednesday, October 21st. Finally, KeyCorp boosted their price objective on SM Energy from $39.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.59.
View Our Latest Stock Analysis on SM Energy
SM Energy Trading Up 1.2%
SM Energy stock opened at $39.53 on Thursday. The firm has a market cap of $9.40 billion, a PE ratio of 7.78 and a beta of 0.95. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $41.56. The stock’s 50 day simple moving average is $37.02 and its two-hundred day simple moving average is $29.99. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85.
SM Energy (NYSE:SM – Get Free Report) last posted its earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.23. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the firm earned $1.50 EPS. The business’s quarterly revenue was up 215.3% on a year-over-year basis. Analysts anticipate that SM Energy Company will post 8.15 earnings per share for the current year.
SM Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Monday, September 7th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 2.2%. SM Energy’s dividend payout ratio is 17.32%.
Insider Buying and Selling at SM Energy
In other SM Energy news, Director Ashwin Venkatraman sold 3,650 shares of SM Energy stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $38.28, for a total value of $139,722.00. Following the completion of the transaction, the director owned 12,525 shares of the company’s stock, valued at approximately $479,457. The trade was a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Barker Lebeck sold 17,500 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $37.02, for a total transaction of $647,850.00. Following the completion of the transaction, the executive vice president owned 14,705 shares of the company’s stock, valued at approximately $544,379.10. This trade represents a 54.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.45% of the stock is currently owned by company insiders.
SM Energy Profile
SM Energy Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. Its activities include acquiring prospective acreage, drilling and completing wells, and managing producing properties in U.S. onshore oil and gas basins.
The company’s operations are primarily concentrated in Texas, including the Midland Basin in West Texas and the Eagle Ford shale region in South Texas. SM Energy focuses on development of unconventional resources and uses horizontal drilling and hydraulic fracturing technologies to produce hydrocarbons from shale and other tight-rock formations.
Founded in 1908 as St.
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