American Trust Has $436,000 Stake in SM Energy (NYSE:SM)

American Trust boosted its position in shares of SM Energy (NYSE:SM – Get Rating) by 7.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,602 shares of the energy company’s stock after purchasing an additional 821 shares during the quarter. American Trust’s holdings in SM Energy were worth $436,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its position 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 worth $86,825,000 after purchasing an additional 1,046,602 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of SM Energy by 405.0% in the first quarter. Renaissance Technologies LLC now owns 1,183,200 shares of the energy company’s stock worth $46,086,000 after purchasing an additional 948,900 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 purchasing an additional 849,019 shares in the last quarter. State Street Corp lifted its position 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 purchasing an additional 842,589 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of SM Energy by 65.8% in the second quarter. JPMorgan Chase & Co. now owns 1,776,381 shares of the energy company’s stock worth $60,735,000 after purchasing an additional 705,246 shares in the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.

SM Energy Price Performance

Shares of NYSE:SM opened at $26.88 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $31.39 and its two-hundred day simple moving average is $37.84. SM Energy has a 1-year low of $24.86 and a 1-year high of $54.97. The stock has a market cap of $3.28 billion, a PE ratio of 3.00 and a beta of 4.42.

SM Energy (NYSE:SM – Get Rating) last released its earnings results on Wednesday, February 22nd. The energy company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The company had revenue of $671.32 million for the quarter, compared to analysts’ expectations of $614.72 million. SM Energy had a return on equity of 34.40% and a net margin of 33.11%. The business’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 EPS. As a group, analysts forecast that SM Energy will post 6.03 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Monday, February 6th. Shareholders of record on Friday, January 20th were issued a dividend of $0.15 per share. This represents a yield of 0.9%. The ex-dividend date was Thursday, January 19th. SM Energy’s payout ratio is presently 3.35%.

Insider Transactions at SM Energy

In other news, CEO Herbert S. Vogel bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was bought at an average price of $29.48 per share, for a total transaction of $29,480.00. Following the transaction, the chief executive officer now directly owns 404,063 shares of the company’s stock, valued at approximately $11,911,777.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 3,000 shares of company stock valued at $86,460. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on SM. Mizuho decreased their price target on shares of SM Energy from $51.00 to $37.00 in a research note on Friday, March 10th. Cowen cut shares of SM Energy from an “outperform” rating to a “market perform” rating and set a $35.00 target price for the company. in a report on Wednesday, March 1st. Raymond James dropped their target price on shares of SM Energy from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, January 26th. Susquehanna dropped their target price on shares of SM Energy from $36.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, February 27th. Finally, Barclays dropped their target price on shares of SM Energy from $46.00 to $32.00 and set an “underweight” rating for the company in a report on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.18.

SM Energy Profile

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SM Energy Co is an independent energy company, which engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids. The company was founded in 1908 and is headquartered in Denver, CO.