SG Americas Securities LLC Buys 110,735 Shares of SM Energy Company $SM

SG Americas Securities LLC raised its stake in SM Energy Company (NYSE:SM) by 279.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150,329 shares of the energy company’s stock after buying an additional 110,735 shares during the period. SG Americas Securities LLC owned about 0.13% of SM Energy worth $2,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SM. Woodline Partners LP raised its holdings in SM Energy by 198.9% during the 3rd quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after purchasing an additional 1,616,822 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of SM Energy during the second quarter worth $25,179,000. Arrowstreet Capital Limited Partnership increased its position 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 worth $26,746,000 after buying an additional 699,115 shares during the period. Tributary Capital Management LLC raised its stake in SM Energy by 136.8% during the third quarter. Tributary Capital Management LLC now owns 1,185,762 shares of the energy company’s stock worth $29,608,000 after buying an additional 685,118 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in SM Energy by 53.5% in the third quarter. Bank of America Corp DE now owns 1,756,496 shares of the energy company’s stock valued at $43,860,000 after buying an additional 612,444 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SM. TD Cowen decreased their price target on SM Energy from $36.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Truist Financial assumed coverage on SM Energy in a research report on Tuesday, March 24th. They set a “buy” rating and a $38.00 target price on the stock. Weiss Ratings raised SM Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 17th. JPMorgan Chase & Co. upgraded SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Friday, March 20th. Finally, Royal Bank Of Canada dropped their price target on SM Energy from $35.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.62.

SM Energy Price Performance

Shares of NYSE SM opened at $30.64 on Friday. The firm has a market capitalization of $7.30 billion, a P/E ratio of 5.42 and a beta of 0.78. The firm’s 50-day moving average price is $24.59 and its 200-day moving average price is $22.01. 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 Company has a 1-year low of $17.45 and a 1-year high of $33.25.

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

SM Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were issued a $0.22 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from SM Energy’s previous quarterly dividend of $0.20. SM Energy’s dividend payout ratio (DPR) is 15.58%.

About SM Energy

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.