SM Energy (NYSE:SM) Shares Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC grew its position in SM Energy (NYSE:SM) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 349,268 shares of the energy company’s stock after purchasing an additional 11,191 shares during the period. SM Energy makes up approximately 0.7% of Diversify Advisory Services LLC’s holdings, making the stock its 23rd biggest position. Diversify Advisory Services LLC’s holdings in SM Energy were worth $13,538,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in shares of SM Energy by 15.4% in the second quarter. Envestnet Asset Management Inc. now owns 566,099 shares of the energy company’s stock valued at $24,472,000 after buying an additional 75,754 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of SM Energy by 1.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 57,320 shares of the energy company’s stock valued at $2,478,000 after purchasing an additional 613 shares during the last quarter. Blair William & Co. IL boosted its position in shares of SM Energy by 80.0% in the 2nd quarter. Blair William & Co. IL now owns 11,250 shares of the energy company’s stock valued at $486,000 after purchasing an additional 5,000 shares during the period. Seven Eight Capital LP purchased a new position in SM Energy in the 2nd quarter worth about $475,000. Finally, Inspire Investing LLC increased its stake in SM Energy by 7.2% in the 2nd quarter. Inspire Investing LLC now owns 9,082 shares of the energy company’s stock worth $393,000 after purchasing an additional 613 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Price Performance

NYSE SM opened at $43.24 on Monday. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.95 billion, a PE ratio of 6.04 and a beta of 4.14. SM Energy has a 12-month low of $34.90 and a 12-month high of $53.26. The company has a 50 day moving average price of $41.79 and a two-hundred day moving average price of $42.75.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. During the same quarter last year, the firm posted $1.73 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities analysts predict that SM Energy will post 6.8 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is 11.17%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SM. Susquehanna decreased their target price on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Stephens restated an “overweight” rating and issued a $57.00 target price on shares of SM Energy in a report on Thursday, January 2nd. Mizuho decreased their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $50.00 price target on shares of SM Energy in a research report on Tuesday, October 8th. Finally, Truist Financial raised their price objective on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.90.

About SM Energy

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.