Oregon Public Employees Retirement Fund Boosts Holdings in SM Energy (NYSE:SM)

Oregon Public Employees Retirement Fund raised its holdings in SM Energy (NYSE:SMGet Rating) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,688 shares of the energy company’s stock after buying an additional 734 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in SM Energy were worth $1,530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in SM Energy by 88.5% during the 1st quarter. Invesco Ltd. now owns 2,229,142 shares of the energy company’s stock worth $86,825,000 after acquiring an additional 1,046,602 shares in the last quarter. Renaissance Technologies LLC lifted its position in SM Energy by 405.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,183,200 shares of the energy company’s stock worth $46,086,000 after acquiring an additional 948,900 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in SM Energy by 35.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,249,967 shares of the energy company’s stock worth $126,586,000 after acquiring an additional 849,019 shares in the last quarter. State Street Corp lifted its position in SM Energy by 13.7% during the 1st quarter. State Street Corp now owns 7,002,705 shares of the energy company’s stock worth $272,755,000 after acquiring an additional 842,589 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in SM Energy by 65.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,776,381 shares of the energy company’s stock worth $60,735,000 after acquiring an additional 705,246 shares in the last quarter. Hedge funds and other institutional investors own 89.45% of the company’s stock.

Wall Street Analyst Weigh In

SM has been the topic of a number of recent analyst reports. StockNews.com lowered SM Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Mizuho initiated coverage on SM Energy in a research report on Monday, January 9th. They issued a “buy” rating and a $51.00 target price on the stock. Royal Bank of Canada upped their target price on SM Energy from $53.00 to $55.00 and gave the company a “sector perform” rating in a research report on Monday, November 14th. Barclays cut their target price on SM Energy from $51.00 to $46.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 19th. Finally, JPMorgan Chase & Co. lowered SM Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $46.00 in a research report on Wednesday, January 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, SM Energy currently has an average rating of “Hold” and a consensus price target of $53.25.

SM Energy Price Performance

Shares of SM opened at $33.25 on Friday. The company has a market cap of $4.08 billion, a P/E ratio of 3.23 and a beta of 4.48. The stock has a fifty day moving average price of $36.97 and a 200 day moving average price of $39.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.99 and a quick ratio of 0.99. SM Energy has a 12 month low of $28.91 and a 12 month high of $54.97.

SM Energy (NYSE:SMGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The energy company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.05. The firm had revenue of $835.45 million during the quarter, compared to the consensus estimate of $699.92 million. SM Energy had a return on equity of 37.36% and a net margin of 36.09%. On average, research analysts forecast that SM Energy will post 7.27 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, February 6th. Stockholders of record on Friday, January 20th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, January 19th. This represents a dividend yield of 0.9%. SM Energy’s dividend payout ratio (DPR) is 2.92%.

SM Energy Profile

(Get Rating)

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

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