Caxton Associates LLP Grows Stock Holdings in SM Energy Company $SM

Caxton Associates LLP grew its stake in SM Energy Company (NYSE:SM) by 49.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,898 shares of the energy company’s stock after acquiring an additional 72,857 shares during the period. Caxton Associates LLP owned 0.19% of SM Energy worth $5,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Millennium Management LLC grew its stake in 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 purchasing an additional 1,637,779 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of SM Energy in the 1st quarter worth $44,005,000. Invesco Ltd. grew its position 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 buying an additional 1,178,397 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of SM Energy during the second quarter valued at $25,179,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of SM Energy by 182.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,082,414 shares of the energy company’s stock valued at $26,746,000 after buying an additional 699,115 shares during the period. Institutional investors own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research raised shares of SM Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Royal Bank Of Canada upped 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. Susquehanna reduced their price objective on shares of SM Energy to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 20th. Finally, Roth Capital set a $28.00 target price on SM Energy in a report on Monday, November 3rd. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.91.

SM Energy Stock Performance

Shares of SM opened at $19.58 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.49. The firm has a market cap of $2.24 billion, a PE ratio of 3.09 and a beta of 1.16. SM Energy Company has a 12 month low of $17.58 and a 12 month high of $44.95. The stock has a fifty day moving average price of $20.27 and a 200-day moving average price of $24.38.

SM Energy (NYSE:SM) last announced its earnings results on Monday, November 3rd. The energy company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.08. SM Energy had a return on equity of 16.67% and a net margin of 22.03%.The company had revenue of $811.59 million for the quarter, compared to analyst estimates of $838.24 million. During the same period in the prior year, the company posted $1.62 EPS. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. Equities research analysts predict that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, October 17th. SM Energy’s dividend payout ratio (DPR) is presently 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.