Northern Trust Corp Has $41.88 Million Stock Holdings in SM Energy Company $SM

Northern Trust Corp lessened its holdings in SM Energy Company (NYSE:SM) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,398,391 shares of the energy company’s stock after selling 51,092 shares during the quarter. Northern Trust Corp owned 1.22% of SM Energy worth $41,882,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of SM Energy by 200.8% in the 1st quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company’s stock valued at $34,000 after purchasing an additional 747 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of SM Energy by 1,097.9% during the first quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company’s stock valued at $34,000 after purchasing an additional 1,043 shares in the last quarter. Byrne Asset Management LLC boosted its stake in shares of SM Energy by 172.8% during the first quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company’s stock valued at $44,000 after purchasing an additional 933 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of SM Energy by 80.7% during the first quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company’s stock valued at $46,000 after purchasing an additional 679 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of SM Energy by 73.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,899 shares of the energy company’s stock valued at $57,000 after purchasing an additional 802 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Trading Up 2.6%

NYSE SM opened at $28.74 on Friday. The business has a 50 day simple moving average of $26.72 and a 200 day simple moving average of $26.96. SM Energy Company has a one year low of $19.67 and a one year high of $47.17. The stock has a market capitalization of $3.30 billion, a P/E ratio of 4.06 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.

SM Energy (NYSE:SM) last released its earnings results on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.23 by $0.27. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The business had revenue of $792.94 million during the quarter, compared to analysts’ expectations of $792.58 million. During the same quarter last year, the firm posted $1.85 earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. Research analysts expect that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Friday, July 18th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 2.8%. SM Energy’s dividend payout ratio (DPR) is currently 11.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SM shares. Susquehanna lifted their price target on SM Energy from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company cut their target price on SM Energy from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, June 16th. TD Cowen raised SM Energy to a “strong-buy” rating in a report on Monday, July 7th. Raymond James Financial downgraded SM Energy from an “outperform” rating to an “underperform” rating in a report on Tuesday, June 24th. Finally, Mizuho lifted their target price on SM Energy from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SM Energy presently has a consensus rating of “Hold” and a consensus price target of $42.50.

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.