SM Energy (NYSE:SM) Stock Holdings Trimmed by Summit Global Investments

Summit Global Investments lessened its position in shares of SM Energy (NYSE:SM) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,445 shares of the energy company’s stock after selling 328 shares during the period. Summit Global Investments’ holdings in SM Energy were worth $444,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gallacher Capital Management LLC grew its position in shares of SM Energy by 4.5% during the 4th quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company’s stock valued at $318,000 after buying an additional 350 shares during the last quarter. Dana Investment Advisors Inc. grew its holdings in shares of SM Energy by 1.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 33,392 shares of the energy company’s stock valued at $1,294,000 after purchasing an additional 556 shares during the last quarter. Empirical Finance LLC raised its position in shares of SM Energy by 2.5% during the 4th quarter. Empirical Finance LLC now owns 24,739 shares of the energy company’s stock worth $959,000 after purchasing an additional 605 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of SM Energy by 5.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,214 shares of the energy company’s stock worth $473,000 after purchasing an additional 677 shares during the last quarter. Finally, Heritage Family Offices LLP boosted its position in SM Energy by 13.2% during the 4th quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company’s stock valued at $242,000 after purchasing an additional 726 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

Insider Transactions at SM Energy

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $32.36 per share, with a total value of $226,520.00. Following the completion of the transaction, the director now directly owns 14,666 shares in the company, valued at approximately $474,591.76. The trade was a 91.31 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

SM Energy Price Performance

Shares of NYSE SM opened at $31.83 on Tuesday. The firm has a 50-day moving average of $35.78 and a two-hundred day moving average of $39.67. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 4.77 and a beta of 4.14. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. SM Energy has a twelve month low of $26.66 and a twelve month high of $53.26.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The business had revenue of $852.22 million for the quarter, compared to the consensus estimate of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. As a group, analysts expect 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. Stockholders of record on Friday, January 24th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is presently 11.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial raised their target price on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Stephens reissued an “overweight” rating and set a $57.00 target price on shares of SM Energy in a research note on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price target on shares of SM Energy from $54.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Mizuho lowered their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

SM Energy 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.