SM Energy Company (NYSE:SM) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of SM Energy Company (NYSE:SM) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,701 shares of the energy company’s stock after selling 465 shares during the period. Yousif Capital Management LLC’s holdings in SM Energy were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SM. Rhumbline Advisers raised its position in shares of SM Energy by 2.0% during the 4th quarter. Rhumbline Advisers now owns 393,864 shares of the energy company’s stock worth $15,266,000 after purchasing an additional 7,887 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in SM Energy by 13.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 47,828 shares of the energy company’s stock valued at $1,854,000 after purchasing an additional 5,579 shares during the last quarter. Principal Financial Group Inc. raised its stake in SM Energy by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 635,822 shares of the energy company’s stock valued at $24,644,000 after purchasing an additional 24,701 shares during the last quarter. Sanctuary Advisors LLC raised its stake in SM Energy by 105.2% in the 4th quarter. Sanctuary Advisors LLC now owns 68,068 shares of the energy company’s stock valued at $2,696,000 after purchasing an additional 34,895 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in SM Energy in the 4th quarter valued at $292,000. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Stock Up 0.7%

Shares of NYSE SM opened at $27.94 on Wednesday. The stock has a market cap of $3.20 billion, a PE ratio of 3.91 and a beta of 2.19. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62. SM Energy Company has a 52-week low of $19.67 and a 52-week high of $50.20. The business has a 50-day moving average price of $23.82 and a 200 day moving average price of $31.74.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 earnings per share for the quarter, beating 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 return on equity of 19.90% and a net margin of 27.61%. The company’s revenue was up 50.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. Equities research analysts forecast that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 18th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, April 17th. SM Energy’s dividend payout ratio is currently 11.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SM shares. Williams Trading set a $41.00 price target on SM Energy in a report on Wednesday, March 5th. Stephens cut their price objective on shares of SM Energy from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Raymond James Financial restated an “outperform” rating and set a $34.00 price objective (up from $30.00) on shares of SM Energy in a research report on Wednesday, May 28th. Susquehanna cut their price target 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. Finally, KeyCorp cut their price target on shares of SM Energy from $60.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.08.

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.