Creative Planning Purchases 20,497 Shares of SM Energy Company $SM

Creative Planning raised its position in shares of SM Energy Company (NYSE:SM) by 33.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,990 shares of the energy company’s stock after purchasing an additional 20,497 shares during the quarter. Creative Planning owned 0.07% of SM Energy worth $2,026,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SM. Millennium Management LLC boosted its holdings in shares of SM Energy by 663.7% in the first quarter. Millennium Management LLC now owns 1,884,536 shares of the energy company’s stock worth $56,442,000 after buying an additional 1,637,779 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in SM Energy in the first quarter worth approximately $44,005,000. Invesco Ltd. boosted its stake in shares of SM Energy by 169.4% during the 1st quarter. Invesco Ltd. now owns 1,873,860 shares of the energy company’s stock worth $56,122,000 after acquiring an additional 1,178,397 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of SM Energy by 51.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,207,245 shares of the energy company’s stock valued at $96,057,000 after acquiring an additional 1,088,948 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of SM Energy in the 1st quarter worth $18,910,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

SM has been the subject of several recent research reports. Zacks Research raised SM Energy from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. Susquehanna decreased their target price on shares of SM Energy to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Wells Fargo & Company dropped their price target on shares of SM Energy from $30.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. Finally, Royal Bank Of Canada increased their price objective on shares of SM Energy from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.64.

SM Energy Stock Up 0.3%

Shares of SM opened at $18.49 on Wednesday. The business’s 50 day moving average is $22.00 and its 200 day moving average is $24.78. 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 12-month low of $17.58 and a 12-month high of $45.76. The company has a market capitalization of $2.12 billion, a PE ratio of 2.61 and a beta of 2.29.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Monday, November 3rd. The energy company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.08. The business had revenue of $811.59 million during the quarter, compared to the consensus estimate of $838.24 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 EPS. Research analysts expect that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 17th were paid a $0.20 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.80 annualized dividend and a yield of 4.3%. SM Energy’s payout ratio is presently 12.62%.

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.