Tidal Investments LLC Cuts Stock Position in SM Energy (NYSE:SM)

Tidal Investments LLC lessened its holdings in SM Energy (NYSE:SM) by 40.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,592 shares of the energy company’s stock after selling 4,531 shares during the period. Tidal Investments LLC’s holdings in SM Energy were worth $256,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in SM Energy in the 4th quarter worth $61,000. Global Retirement Partners LLC boosted its holdings in shares of SM Energy by 51.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company’s stock valued at $84,000 after purchasing an additional 736 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of SM Energy by 517.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company’s stock valued at $159,000 after purchasing an additional 3,470 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of SM Energy by 64.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company’s stock valued at $183,000 after purchasing an additional 1,854 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of SM Energy by 46.2% during the 4th quarter. KBC Group NV now owns 4,854 shares of the energy company’s stock valued at $188,000 after purchasing an additional 1,533 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Stock Down 1.4%

Shares of NYSE:SM opened at $23.46 on Friday. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. SM Energy has a 12 month low of $19.67 and a 12 month high of $50.77. The company has a 50-day moving average price of $23.90 and a 200 day moving average price of $33.31. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 3.51 and a beta of 2.17.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.16. The business had revenue of $844.54 million during the quarter, compared to the consensus estimate of $814.62 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The firm’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, equities research analysts predict that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 18th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Thursday, April 17th. SM Energy’s payout ratio is currently 11.20%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Mizuho dropped their price objective on shares of SM Energy from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. Susquehanna dropped their price objective on shares of SM Energy from $39.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Williams Trading set a $41.00 price objective on shares of SM Energy in a report on Wednesday, March 5th. Wall Street Zen downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of SM Energy from $54.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, SM Energy has an average rating of “Moderate Buy” and an average target price of $42.42.

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