SM Energy Company $SM Stake Decreased by US Bancorp DE

US Bancorp DE decreased its position in shares of SM Energy Company (NYSE:SM) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,222 shares of the energy company’s stock after selling 2,821 shares during the period. US Bancorp DE’s holdings in SM Energy were worth $1,192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in SM Energy by 69.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock worth $30,000 after purchasing an additional 417 shares in the last quarter. Diversified Trust Co raised its holdings in 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 purchasing an additional 505 shares in the last quarter. Xponance Inc. raised its holdings in SM Energy by 6.3% during the first quarter. Xponance Inc. now owns 8,688 shares of the energy company’s stock worth $260,000 after purchasing an additional 516 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings 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 purchasing an additional 518 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in SM Energy by 21.9% during the second quarter. Signaturefd LLC now owns 3,118 shares of the energy company’s stock worth $77,000 after purchasing an additional 560 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SM. Weiss Ratings restated a “hold (c-)” rating on shares of SM Energy in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of SM Energy from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. TD Cowen upgraded shares of SM Energy to a “strong-buy” rating in a research report on Monday, July 7th. Wells Fargo & Company decreased their price target on shares of SM Energy from $30.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Susquehanna lifted their price objective on shares of SM Energy from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.50.

SM Energy Trading Down 2.2%

SM Energy stock opened at $21.30 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 3.01 and a beta of 2.30. SM Energy Company has a one year low of $19.67 and a one year high of $46.42. The company’s fifty day moving average price is $26.16 and its two-hundred day moving average price is $25.38.

SM Energy (NYSE:SM) last posted 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. The firm had revenue of $792.94 million for the quarter, compared to the consensus estimate of $792.58 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 earnings per share. On average, analysts forecast 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 will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, October 17th. 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.