AXQ Capital LP Acquires Shares of 7,000 SM Energy (NYSE:SM)

AXQ Capital LP acquired a new stake in SM Energy (NYSE:SMFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,000 shares of the energy company’s stock, valued at approximately $278,000.

Several other hedge funds also recently added to or reduced their stakes in SM. First Horizon Advisors Inc. purchased a new stake in shares of SM Energy during the first quarter worth about $25,000. IFP Advisors Inc increased its position in shares of SM Energy by 561.7% during the second quarter. IFP Advisors Inc now owns 880 shares of the energy company’s stock worth $28,000 after acquiring an additional 747 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in shares of SM Energy during the third quarter worth about $32,000. Nomura Asset Management Co. Ltd. boosted its stake in SM Energy by 59.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock valued at $39,000 after acquiring an additional 370 shares during the period. Finally, Covestor Ltd boosted its stake in SM Energy by 294.1% in the third quarter. Covestor Ltd now owns 1,064 shares of the energy company’s stock valued at $42,000 after acquiring an additional 794 shares during the period. 91.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SM shares. Mizuho dropped their target price on SM Energy from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. Seaport Res Ptn raised SM Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Susquehanna upped their price target on SM Energy from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, February 26th. KeyCorp dropped their price target on SM Energy from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Finally, Raymond James dropped their price target on SM Energy from $53.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.86.

Check Out Our Latest Report on SM

SM Energy Trading Up 1.0 %

SM Energy stock opened at $43.62 on Wednesday. The company’s fifty day simple moving average is $38.41 and its 200-day simple moving average is $38.90. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.44. SM Energy has a 12 month low of $24.66 and a 12 month high of $45.19. The stock has a market cap of $5.07 billion, a P/E ratio of 6.35 and a beta of 4.20.

SM Energy (NYSE:SMGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.39 by $0.17. SM Energy had a net margin of 34.45% and a return on equity of 20.74%. The business had revenue of $608.73 million for the quarter, compared to analysts’ expectations of $611.35 million. During the same period in the previous year, the company posted $1.29 EPS. SM Energy’s revenue was down 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that SM Energy will post 5.82 EPS for the current fiscal year.

SM Energy Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, February 5th. Stockholders of record on Friday, January 19th were issued a dividend of $0.18 per share. This is a boost from SM Energy’s previous semi-annual dividend of $0.15. This represents a dividend yield of 1.5%. The ex-dividend date was Thursday, January 18th. SM Energy’s payout ratio is currently 10.48%.

SM Energy Company Profile

(Free Report)

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 also has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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