Deutsche Bank AG Sells 1,361 Shares of SM Energy Company $SM

Deutsche Bank AG lowered its position in shares of SM Energy Company (NYSE:SM) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,338 shares of the energy company’s stock after selling 1,361 shares during the period. Deutsche Bank AG owned about 0.10% of SM Energy worth $3,305,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in SM Energy by 200.8% during the first quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company’s stock worth $34,000 after purchasing an additional 747 shares during the last quarter. Byrne Asset Management LLC lifted its stake in SM Energy by 172.8% during the first quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company’s stock worth $44,000 after purchasing an additional 933 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in SM Energy by 80.7% during the first quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company’s stock worth $46,000 after purchasing an additional 679 shares during the last quarter. CWM LLC lifted its stake in SM Energy by 34.0% during the first quarter. CWM LLC now owns 3,760 shares of the energy company’s stock worth $113,000 after purchasing an additional 955 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in SM Energy by 64.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company’s stock worth $183,000 after purchasing an additional 1,854 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SM shares. Wells Fargo & Company cut their price target on shares of SM Energy from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, June 16th. Mizuho boosted their target price on SM Energy from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Raymond James Financial lowered SM Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. TD Cowen raised SM Energy to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Susquehanna boosted their target price on SM Energy from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, SM Energy has an average rating of “Moderate Buy” and a consensus target price of $42.50.

SM Energy Stock Down 1.0%

Shares of NYSE:SM opened at $25.94 on Tuesday. SM Energy Company has a 1 year low of $19.67 and a 1 year high of $47.69. The company has a market cap of $2.98 billion, a PE ratio of 3.66 and a beta of 2.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s 50-day moving average is $26.75 and its 200 day moving average is $27.40.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.27. SM Energy had a return on equity of 18.06% and a net margin of 25.94%. The company had revenue of $792.94 million for the quarter, compared to the consensus estimate of $792.58 million. During the same quarter in the previous year, the business earned $1.85 EPS. SM Energy’s revenue was up 25.0% compared to the same quarter last year. Sell-side analysts anticipate that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Friday, July 18th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, July 18th. SM Energy’s payout ratio is currently 11.30%.

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.