Dimensional Fund Advisors LP Boosts Holdings in SM Energy Company $SM

Dimensional Fund Advisors LP grew its position in shares of SM Energy Company (NYSE:SM) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,921,769 shares of the energy company’s stock after purchasing an additional 30,951 shares during the period. Dimensional Fund Advisors LP owned approximately 5.17% of SM Energy worth $147,876,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Corp bought a new stake in SM Energy during the third quarter valued at $30,000. Jones Financial Companies Lllp increased its stake in SM Energy by 316.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock worth $33,000 after acquiring an additional 912 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of SM Energy by 220.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,430 shares of the energy company’s stock valued at $36,000 after acquiring an additional 984 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of SM Energy by 201.0% during the 3rd quarter. Versant Capital Management Inc now owns 1,776 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,186 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of SM Energy by 36.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,010 shares of the energy company’s stock valued at $50,000 after acquiring an additional 535 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

SM Energy Stock Performance

Shares of NYSE SM opened at $24.90 on Wednesday. The stock’s 50-day moving average is $20.66 and its 200 day moving average is $21.72. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 4.41 and a beta of 1.03. SM Energy Company has a 1-year low of $17.45 and a 1-year high of $32.26. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, February 25th. The energy company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.10. The business had revenue of $704.92 million during the quarter, compared to analyst estimates of $764.40 million. SM Energy had a return on equity of 13.47% and a net margin of 20.55%.SM Energy’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 earnings per share. On average, sell-side analysts anticipate that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 annualized dividend and a dividend yield of 3.5%. This is an increase from SM Energy’s previous quarterly dividend of $0.20. SM Energy’s payout ratio is 15.58%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stephens upped their price objective on shares of SM Energy from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Weiss Ratings lowered shares of SM Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Mizuho set a $34.00 price target on shares of SM Energy in a research note on Friday, January 9th. KeyCorp decreased their price target on shares of SM Energy from $36.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $24.00 price objective on shares of SM Energy in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.22.

SM Energy Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.