SM Energy (NYSE:SM) Shares Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC increased its position in shares of SM Energy (NYSE:SM) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 8,206 shares of the energy company’s stock after acquiring an additional 350 shares during the quarter. Gallacher Capital Management LLC’s holdings in SM Energy were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new stake in shares of SM Energy during the third quarter worth about $55,000. R Squared Ltd acquired a new stake in shares of SM Energy during the fourth quarter worth about $61,000. Legacy Investment Solutions LLC acquired a new stake in shares of SM Energy during the third quarter worth about $83,000. Global Retirement Partners LLC lifted its holdings in SM Energy by 51.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company’s stock valued at $84,000 after acquiring an additional 736 shares during the period. Finally, KBC Group NV lifted its holdings in SM Energy by 16.7% in the third quarter. KBC Group NV now owns 3,321 shares of the energy company’s stock valued at $133,000 after acquiring an additional 476 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Stock Up 4.1 %

Shares of SM opened at $29.95 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. SM Energy has a one year low of $26.66 and a one year high of $53.26. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 4.48 and a beta of 4.14. The stock has a 50 day moving average price of $37.19 and a 200 day moving average price of $40.23.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The firm had revenue of $852.22 million for the quarter, compared to analysts’ expectations of $849.44 million. Equities research analysts forecast that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.67%. The ex-dividend date was Friday, January 24th. SM Energy’s payout ratio is currently 11.98%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James decreased their price target on SM Energy from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Mizuho decreased their price target on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on SM Energy from $54.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday. Truist Financial boosted their price target on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Insider Buying and Selling at SM Energy

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the acquisition, the director now directly owns 14,666 shares in the company, valued at $474,591.76. This represents a 91.31 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

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.