SM Energy Company $SM Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of SM Energy Company (NYSE:SM) by 7.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,209,870 shares of the energy company’s stock after buying an additional 300,866 shares during the period. American Century Companies Inc. owned 3.66% of SM Energy worth $104,026,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SM. Northwestern Mutual Wealth Management Co. lifted its stake in shares of SM Energy by 69.5% during the 1st 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 during the period. Brooklyn Investment Group boosted its stake in SM Energy by 1,097.9% in the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company’s stock worth $34,000 after buying an additional 1,043 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in SM Energy in the 1st quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of SM Energy by 332.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,887 shares of the energy company’s stock worth $47,000 after acquiring an additional 1,451 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of SM Energy by 73.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,899 shares of the energy company’s stock worth $57,000 after acquiring an additional 802 shares during the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on SM. Roth Capital set a $28.00 price target on shares of SM Energy in a research report on Monday, November 3rd. Susquehanna dropped their price objective on SM Energy to $27.00 and set a “neutral” rating for the company in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SM Energy in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their price target on 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, Mizuho set a $38.00 price target on SM Energy in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.64.

SM Energy Stock Up 0.3%

Shares of NYSE SM opened at $18.49 on Wednesday. The stock has a fifty day moving average price of $22.00 and a 200 day moving average price of $24.78. The company has a market cap of $2.12 billion, a P/E ratio of 2.61 and a beta of 2.29. SM Energy Company has a 12-month low of $17.58 and a 12-month high of $45.76. 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 (NYSE:SM) last issued its 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 company 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 company’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. Research analysts anticipate that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%. SM Energy’s dividend payout ratio (DPR) is currently 12.62%.

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.