Boston Partners Has $2.27 Million Stake in SM Energy Company $SM

Boston Partners lifted its holdings in SM Energy Company (NYSE:SM) by 141.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,816 shares of the energy company’s stock after purchasing an additional 53,731 shares during the period. Boston Partners owned 0.08% of SM Energy worth $2,269,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

SM has been the subject of several analyst reports. Roth Capital set a $28.00 price target on shares of SM Energy in a report on Monday, November 3rd. Susquehanna lowered their price target on shares of SM Energy to $27.00 and set a “neutral” rating for the company in a report on Monday, October 20th. Mizuho set a $38.00 price objective on shares of SM Energy in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SM Energy in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted 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 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, SM Energy currently has a consensus rating of “Hold” and an average price target of $36.64.

SM Energy Stock Performance

Shares of SM stock opened at $19.11 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.69 and a current ratio of 0.69. SM Energy Company has a 52 week low of $17.58 and a 52 week high of $45.47. The company’s 50 day moving average price is $21.52 and its two-hundred day moving average price is $24.65. The company has a market capitalization of $2.19 billion, a P/E ratio of 2.70 and a beta of 2.29.

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

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, October 17th. SM Energy’s dividend payout ratio is 12.62%.

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.