Mutual of America Capital Management LLC increased its position in shares of SM Energy (NYSE:SM – Get Rating) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,504 shares of the energy company’s stock after acquiring an additional 908 shares during the period. Mutual of America Capital Management LLC’s holdings in SM Energy were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Frontier Capital Management Co. LLC bought a new stake in SM Energy during the first quarter worth about $53,870,000. First Trust Advisors LP increased its holdings in SM Energy by 252.4% during the 4th quarter. First Trust Advisors LP now owns 1,836,807 shares of the energy company’s stock valued at $54,149,000 after purchasing an additional 1,315,566 shares during the period. River Road Asset Management LLC purchased a new position in SM Energy during the 4th quarter valued at about $35,395,000. Millennium Management LLC increased its holdings in SM Energy by 47.4% during the 4th quarter. Millennium Management LLC now owns 3,242,209 shares of the energy company’s stock valued at $95,580,000 after purchasing an additional 1,042,180 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in SM Energy by 829.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 805,748 shares of the energy company’s stock valued at $23,753,000 after purchasing an additional 719,026 shares during the period. 86.45% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. MKM Partners restated a “buy” rating and set a $54.00 price target on shares of SM Energy in a report on Wednesday, July 20th. KeyCorp upped their target price on SM Energy from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. Raymond James reiterated a “maintains” rating on shares of SM Energy in a report on Tuesday, July 26th. Finally, Barclays upped their target price on SM Energy from $40.00 to $55.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.67.
Insider Transactions at SM Energy
SM Energy Stock Performance
Shares of SM opened at $41.28 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average price is $40.30 and its 200-day moving average price is $38.11. SM Energy has a 52 week low of $14.79 and a 52 week high of $54.97. The stock has a market cap of $5.03 billion, a P/E ratio of 15.70 and a beta of 5.09.
SM Energy (NYSE:SM – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The energy company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). SM Energy had a return on equity of 26.11% and a net margin of 11.07%. The company had revenue of $859.78 million during the quarter, compared to the consensus estimate of $765.23 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. The business’s revenue for the quarter was up 93.7% compared to the same quarter last year. Equities research analysts anticipate that SM Energy will post 8.42 earnings per share for the current fiscal year.
SM Energy Company Profile
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.
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