SM Energy Company $SM Stock Position Increased by Creative Planning

Creative Planning increased its position in SM Energy Company (NYSE:SM) by 33.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,990 shares of the energy company’s stock after buying an additional 20,497 shares during the quarter. Creative Planning owned about 0.07% of SM Energy worth $2,026,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its position in shares of SM Energy by 34.0% during the 1st quarter. CWM LLC now owns 3,760 shares of the energy company’s stock valued at $113,000 after purchasing an additional 955 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SM Energy during the first quarter valued at approximately $2,280,000. Inspire Advisors LLC lifted its stake in SM Energy by 13.7% during the first quarter. Inspire Advisors LLC now owns 17,708 shares of the energy company’s stock valued at $530,000 after purchasing an additional 2,133 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in SM Energy by 201.7% during the first quarter. GSA Capital Partners LLP now owns 37,357 shares of the energy company’s stock worth $1,119,000 after buying an additional 24,973 shares in the last quarter. Finally, De Lisle Partners LLP grew its position in SM Energy by 25.0% in the first quarter. De Lisle Partners LLP now owns 50,000 shares of the energy company’s stock worth $1,497,000 after buying an additional 10,000 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Stock Performance

Shares of SM stock opened at $18.49 on Wednesday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 2.61 and a beta of 2.29. SM Energy Company has a 1-year low of $17.58 and a 1-year 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. The stock’s fifty day simple moving average is $22.00 and its 200-day simple moving average is $24.78.

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

SM Energy Dividend Announcement

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

Analysts Set New Price Targets

SM has been the subject of a number of recent research reports. Mizuho set a $38.00 price objective on SM Energy in a research report on Friday, October 10th. Susquehanna cut their target price on SM Energy to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 20th. Roth Capital set a $28.00 price target on SM Energy in a research report on Monday, November 3rd. Royal Bank Of Canada lifted their price target on SM Energy from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Finally, Zacks Research raised shares of SM Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.64.

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.