SM Energy (NYSE:SM) Stock Position Raised by Cwm LLC

Cwm LLC boosted its position in shares of SM Energy (NYSE:SM) by 11.3% during the 4th quarter, HoldingsChannel reports. The firm owned 2,683 shares of the energy company’s stock after buying an additional 272 shares during the quarter. Cwm LLC’s holdings in SM Energy were worth $104,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its position in shares of SM Energy by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 20,125 shares of the energy company’s stock worth $779,000 after purchasing an additional 286 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in SM Energy by 59.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock valued at $39,000 after buying an additional 370 shares during the period. Arizona State Retirement System lifted its position in SM Energy by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 34,315 shares of the energy company’s stock worth $1,361,000 after buying an additional 464 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of SM Energy by 3.4% during the 3rd quarter. Gotham Asset Management LLC now owns 15,415 shares of the energy company’s stock valued at $611,000 after buying an additional 502 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of SM Energy by 23.8% during the 4th quarter. Signaturefd LLC now owns 2,966 shares of the energy company’s stock valued at $115,000 after acquiring an additional 571 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Stock Up 1.1 %

SM opened at $50.69 on Tuesday. SM Energy has a twelve month low of $25.03 and a twelve month high of $53.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.45 and a current ratio of 1.48. The business has a 50 day moving average price of $48.24 and a 200 day moving average price of $41.61. The firm has a market cap of $5.87 billion, a P/E ratio of 7.86 and a beta of 4.21.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.17. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. The business had revenue of $608.73 million during the quarter, compared to analysts’ expectations of $611.35 million. During the same period in the previous year, the company earned $1.29 earnings per share. SM Energy’s revenue for the quarter was down 9.3% on a year-over-year basis. Research analysts forecast that SM Energy will post 6.42 EPS for the current year.

SM Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, April 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, April 18th. SM Energy’s dividend payout ratio (DPR) is 11.29%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on SM Energy from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. KeyCorp raised their price target on SM Energy from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Susquehanna boosted their price target on SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Wells Fargo & Company raised their price objective on shares of SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, April 18th. Finally, Seaport Res Ptn raised shares of SM Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.57.

About SM Energy

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 has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.