SM Energy Company $SM Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in SM Energy Company (NYSE:SM) by 27.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,971 shares of the energy company’s stock after acquiring an additional 1,282 shares during the period. GAMMA Investing LLC’s holdings in SM Energy were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. increased its position in shares of SM Energy by 12.7% during the first quarter. Crossmark Global Holdings Inc. now owns 8,355 shares of the energy company’s stock worth $250,000 after purchasing an additional 941 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in SM Energy by 2.5% during the first quarter. Janney Montgomery Scott LLC now owns 21,258 shares of the energy company’s stock worth $637,000 after buying an additional 518 shares during the last quarter. Range Financial Group LLC boosted its stake in SM Energy by 16.9% during the first quarter. Range Financial Group LLC now owns 25,119 shares of the energy company’s stock worth $752,000 after buying an additional 3,624 shares during the last quarter. Insight Wealth Strategies LLC boosted its stake in SM Energy by 30.8% during the second quarter. Insight Wealth Strategies LLC now owns 107,381 shares of the energy company’s stock worth $2,796,000 after buying an additional 25,273 shares during the last quarter. Finally, Strs Ohio acquired a new position in SM Energy during the first quarter worth $539,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SM shares. TD Cowen raised SM Energy to a “strong-buy” rating in a research note on Monday, July 7th. Susquehanna boosted their price objective on SM Energy from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company decreased their price target on SM Energy from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, June 16th. Mizuho decreased their price target on SM Energy from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Finally, Raymond James Financial lowered SM Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.08.

SM Energy Trading Down 6.2%

SM opened at $25.88 on Tuesday. SM Energy Company has a one year low of $19.67 and a one year high of $46.42. The company has a market cap of $2.97 billion, a P/E ratio of 3.66 and a beta of 2.47. 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 business’s 50-day simple moving average is $27.11 and its 200-day simple moving average is $25.95.

SM Energy (NYSE:SM) last announced its 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. The firm had revenue of $792.94 million during the quarter, compared to analysts’ expectations of $792.58 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The business’s revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. As a group, equities research analysts expect that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.1%. SM Energy’s dividend payout ratio is 11.30%.

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.