Voya Investment Management LLC Acquires 23,386 Shares of SM Energy Company $SM

Voya Investment Management LLC lifted its holdings in shares of SM Energy Company (NYSE:SM) by 31.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 97,851 shares of the energy company’s stock after acquiring an additional 23,386 shares during the period. Voya Investment Management LLC owned approximately 0.09% of SM Energy worth $2,931,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Inspire Investing LLC lifted its holdings in shares of SM Energy by 16.2% during the 1st quarter. Inspire Investing LLC now owns 13,306 shares of the energy company’s stock worth $399,000 after acquiring an additional 1,854 shares during the period. Strs Ohio acquired a new stake in shares of SM Energy in the 1st quarter valued at $539,000. Intech Investment Management LLC boosted its stake in shares of SM Energy by 0.6% in the 1st quarter. Intech Investment Management LLC now owns 123,349 shares of the energy company’s stock valued at $3,694,000 after purchasing an additional 734 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of SM Energy by 1.4% in the 1st quarter. Focus Partners Wealth now owns 104,654 shares of the energy company’s stock valued at $3,134,000 after purchasing an additional 1,469 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in shares of SM Energy in the 1st quarter valued at $45,000. 94.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SM has been the topic of several recent analyst reports. Mizuho reduced their target price on shares of SM Energy from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Raymond James Financial downgraded shares of SM Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. Susquehanna boosted their target price on shares of SM Energy from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. TD Cowen upgraded shares of SM Energy to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Wells Fargo & Company reduced their price target on shares of SM Energy from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.08.

SM Energy Price Performance

NYSE SM opened at $25.67 on Friday. The business has a 50 day simple moving average of $27.06 and a 200 day simple moving average of $26.04. SM Energy Company has a 52-week low of $19.67 and a 52-week high of $46.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 3.63 and a beta of 2.46.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $792.94 million during the quarter, compared to analysts’ expectations of $792.58 million. During the same period in the prior year, the business earned $1.85 EPS. SM Energy’s revenue for the quarter was up 25.0% compared to the same quarter last year. Analysts anticipate that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 4th. Stockholders of record on Friday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 18th. SM Energy’s dividend payout ratio (DPR) 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.