18,000 Shares in SM Energy Company $SM Acquired by Strs Ohio

Strs Ohio acquired a new position in SM Energy Company (NYSE:SM) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,000 shares of the energy company’s stock, valued at approximately $539,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SM. Millennium Management LLC boosted its stake in SM Energy by 663.7% in the 1st quarter. Millennium Management LLC now owns 1,884,536 shares of the energy company’s stock worth $56,442,000 after purchasing an additional 1,637,779 shares during the period. HITE Hedge Asset Management LLC acquired a new position in SM Energy in the 1st quarter worth approximately $44,005,000. Invesco Ltd. boosted its stake in SM Energy by 169.4% in the 1st quarter. Invesco Ltd. now owns 1,873,860 shares of the energy company’s stock worth $56,122,000 after purchasing an additional 1,178,397 shares during the period. Westwood Holdings Group Inc. boosted its stake in SM Energy by 51.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,207,245 shares of the energy company’s stock worth $96,057,000 after purchasing an additional 1,088,948 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in SM Energy in the 1st quarter worth approximately $25,363,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Raymond James Financial lowered shares of SM Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. Susquehanna lifted 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. Wells Fargo & Company decreased their target price on shares of SM Energy from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, June 16th. Mizuho decreased their target price on shares of SM Energy from $44.00 to $39.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Finally, TD Cowen raised shares of SM Energy to a “strong-buy” rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.08.

SM Energy Stock Down 6.2%

SM stock opened at $25.67 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59. SM Energy Company has a 1 year low of $19.67 and a 1 year high of $46.42. The company has a fifty day simple moving average of $27.06 and a 200 day simple moving average of $26.03. The firm has a market cap of $2.95 billion, a PE ratio of 3.63 and a beta of 2.46.

SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.27. The business had revenue of $792.94 million during the quarter, compared to analyst estimates of $792.58 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. SM Energy’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 EPS. Sell-side analysts anticipate that SM Energy Company will post 8.1 EPS for the current fiscal 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 $0.20 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. SM Energy’s payout ratio is presently 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.