SM Energy (NYSE:SM) Position Decreased by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC decreased its holdings in shares of SM Energy (NYSE:SM – Get Rating) by 33.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,577 shares of the energy company’s stock after selling 3,748 shares during the period. AlphaCrest Capital Management LLC’s holdings in SM Energy were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of SM Energy by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 14,038,853 shares of the energy company’s stock valued at $546,814,000 after purchasing an additional 226,919 shares in the last quarter. State Street Corp boosted its holdings in shares of SM Energy by 13.7% in the first quarter. State Street Corp now owns 7,002,705 shares of the energy company’s stock worth $272,755,000 after buying an additional 842,589 shares during the period. Goldman Sachs Group Inc. increased its position in shares of SM Energy by 35.4% in the first 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. Invesco Ltd. lifted its holdings in shares of SM Energy by 88.5% in the first quarter. Invesco Ltd. now owns 2,229,142 shares of the energy company’s stock valued at $86,825,000 after purchasing an additional 1,046,602 shares in the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of SM Energy by 9.4% during the third quarter. River Road Asset Management LLC now owns 1,939,932 shares of the energy company’s stock valued at $72,961,000 after buying an additional 166,836 shares in the last quarter. Institutional investors own 89.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SM shares. Susquehanna reduced their price target on shares of SM Energy from $36.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, February 27th. Mizuho reduced their price objective on SM Energy from $51.00 to $37.00 in a research report on Friday. StockNews.com lowered SM Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. JPMorgan Chase & Co. lowered SM Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $46.00 in a report on Wednesday, January 4th. Finally, TD Cowen cut SM Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price target for the company. in a research note on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, SM Energy has an average rating of “Hold” and an average target price of $43.08.

SM Energy Stock Down 0.3 %

Shares of SM Energy stock opened at $28.79 on Friday. SM Energy has a 12-month low of $27.92 and a 12-month high of $54.97. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $31.67 and a two-hundred day moving average price of $38.23. The stock has a market capitalization of $3.51 billion, a P/E ratio of 3.22 and a beta of 4.42.

SM Energy (NYSE:SM – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The energy company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. SM Energy had a net margin of 33.11% and a return on equity of 34.40%. The company had revenue of $671.32 million for the quarter, compared to analyst estimates of $614.72 million. During the same quarter last year, the firm posted $1.14 earnings per share. The company’s quarterly revenue was down 21.5% compared to the same quarter last year. Equities analysts expect that SM Energy will post 6.03 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, February 6th. Stockholders of record on Friday, January 20th were given a $0.15 dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, January 19th. SM Energy’s dividend payout ratio is 3.35%.

Insider Activity

In other news, CEO Herbert S. Vogel purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were bought at an average price of $29.48 per share, with a total value of $29,480.00. Following the completion of the transaction, the chief executive officer now directly owns 404,063 shares in the company, valued at approximately $11,911,777.24. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

About SM Energy

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SM Energy Co is an independent energy company, which engages in the acquisition, exploration, development, and production of crude oil, natural gas and natural gas liquids. Its operations are located in Midland Basin and South Texas. The company was founded in 1908 and is headquartered in Denver, CO.