Rhumbline Advisers Grows Stake in SM Energy (NYSE:SM)

Rhumbline Advisers boosted its stake in SM Energy (NYSE:SM) by 5.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 407,919 shares of the energy company’s stock after acquiring an additional 20,789 shares during the period. Rhumbline Advisers owned about 0.34% of SM Energy worth $11,487,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SM. Eaton Vance Management raised its position in SM Energy by 3.8% during the 1st quarter. Eaton Vance Management now owns 8,361 shares of the energy company’s stock worth $326,000 after buying an additional 309 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its stake in shares of SM Energy by 4.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 7,630 shares of the energy company’s stock worth $266,000 after purchasing an additional 326 shares during the last quarter. Boston Partners raised its holdings in SM Energy by 0.4% in the 4th quarter. Boston Partners now owns 118,109 shares of the energy company’s stock valued at $4,114,000 after acquiring an additional 498 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in SM Energy by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 48,824 shares of the energy company’s stock valued at $1,701,000 after buying an additional 506 shares during the period. Finally, Pathstone Family Office LLC grew its holdings in SM Energy by 7.9% in the third quarter. Pathstone Family Office LLC now owns 8,516 shares of the energy company’s stock valued at $320,000 after purchasing an additional 624 shares during the period. 91.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Rose M. Robeson sold 30,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $39.65, for a total value of $1,189,500.00. Following the completion of the sale, the director now owns 39,531 shares in the company, valued at $1,567,404.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other SM Energy news, Director Rose M. Robeson sold 30,000 shares of SM Energy stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $39.65, for a total transaction of $1,189,500.00. Following the transaction, the director now owns 39,531 shares of the company’s stock, valued at approximately $1,567,404.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ramiro G. Peru sold 15,670 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $41.14, for a total transaction of $644,663.80. Following the completion of the sale, the director now directly owns 73,685 shares of the company’s stock, valued at $3,031,400.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,164 shares of company stock valued at $2,083,923. Company insiders own 1.60% of the company’s stock.

SM Energy Stock Up 1.5 %

SM stock opened at $42.93 on Friday. The firm has a market cap of $5.10 billion, a PE ratio of 4.86 and a beta of 4.39. SM Energy has a 12 month low of $24.66 and a 12 month high of $48.55. The firm has a 50 day simple moving average of $36.31 and a 200 day simple moving average of $31.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 1.20.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, August 2nd. The energy company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.26. The firm had revenue of $550.75 million for the quarter, compared to analysts’ expectations of $555.46 million. SM Energy had a return on equity of 22.48% and a net margin of 41.36%. Equities research analysts forecast that SM Energy will post 5.66 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, August 7th. Investors of record on Friday, July 21st were given a $0.15 dividend. The ex-dividend date was Thursday, July 20th. This represents a dividend yield of 1%. SM Energy’s dividend payout ratio (DPR) is presently 6.80%.

Analyst Ratings Changes

Several research firms have recently issued reports on SM. StockNews.com assumed coverage on shares of SM Energy in a research report on Thursday, August 17th. They issued a “hold” rating for the company. TheStreet raised shares of SM Energy from a “c+” rating to a “b-” rating in a report on Monday, July 10th. Susquehanna lifted their target price on SM Energy from $30.00 to $32.00 in a research report on Thursday, June 22nd. Mizuho boosted their price objective on shares of SM Energy from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, August 16th. Finally, Royal Bank of Canada increased their target price on SM Energy from $41.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, SM Energy currently has an average rating of “Hold” and an average price target of $41.10.

SM Energy Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It also has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.