SM Energy Company $SM Stake Increased by Signaturefd LLC

Signaturefd LLC increased its holdings in shares of SM Energy Company (NYSE:SM) by 21.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,118 shares of the energy company’s stock after buying an additional 560 shares during the quarter. Signaturefd LLC’s holdings in SM Energy were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in SM Energy by 7.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 68,135 shares of the energy company’s stock valued at $1,682,000 after acquiring an additional 4,737 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of SM Energy by 12.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 93,828 shares of the energy company’s stock valued at $2,318,000 after buying an additional 10,435 shares during the period. GAMMA Investing LLC grew its holdings in shares of SM Energy by 27.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,971 shares of the energy company’s stock valued at $148,000 after acquiring an additional 1,282 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of SM Energy by 7.1% in the second quarter. Wedge Capital Management L L P NC now owns 623,617 shares of the energy company’s stock worth $15,410,000 after acquiring an additional 41,247 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in shares of SM Energy by 1.8% during the second quarter. Diversified Trust Co now owns 29,209 shares of the energy company’s stock worth $722,000 after acquiring an additional 505 shares in the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.

SM Energy Price Performance

Shares of NYSE:SM opened at $25.92 on Monday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 3.66 and a beta of 2.30. The business has a 50 day moving average price of $26.95 and a 200 day moving average price of $25.80. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.59. SM Energy Company has a twelve month low of $19.67 and a twelve month high of $46.42.

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

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be given a dividend of $0.20 per share. 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 currently 11.30%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company dropped their target price on 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. TD Cowen upgraded SM Energy to a “strong-buy” rating in a report on Monday, July 7th. Mizuho cut their price objective on shares of SM Energy from $44.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Raymond James Financial lowered shares of SM Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of SM Energy in a report on Saturday, September 27th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.55.

SM Energy Company 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.