Congress Wealth Management LLC DE Purchases 5,816 Shares of SM Energy (NYSE:SM)

Congress Wealth Management LLC DE boosted its position in SM Energy (NYSE:SM) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,589 shares of the energy company’s stock after purchasing an additional 5,816 shares during the period. Congress Wealth Management LLC DE owned approximately 0.10% of SM Energy worth $4,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Millburn Ridgefield Corp purchased a new stake in shares of SM Energy in the third quarter worth approximately $55,000. R Squared Ltd purchased a new stake in SM Energy in the fourth quarter worth $61,000. Legacy Investment Solutions LLC purchased a new stake in SM Energy in the third quarter worth $83,000. Global Retirement Partners LLC lifted its position in shares of SM Energy by 51.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company’s stock worth $84,000 after purchasing an additional 736 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of SM Energy by 517.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company’s stock valued at $159,000 after purchasing an additional 3,470 shares during the period. Institutional investors own 94.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SM. Wells Fargo & Company decreased their price objective on shares of SM Energy from $45.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday. StockNews.com lowered SM Energy from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Truist Financial raised their price objective on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Stephens reiterated an “overweight” rating and issued a $57.00 target price on shares of SM Energy in a report on Thursday, January 2nd. Finally, Raymond James cut their price target on SM Energy from $59.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, SM Energy has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Insider Buying and Selling

In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of SM Energy stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $32.36 per share, with a total value of $226,520.00. Following the completion of the acquisition, the director now directly owns 14,666 shares in the company, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

SM Energy Stock Down 3.9 %

SM stock opened at $30.57 on Wednesday. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. SM Energy has a 52 week low of $26.66 and a 52 week high of $53.26. The stock has a market capitalization of $3.50 billion, a PE ratio of 4.58 and a beta of 4.14. The firm has a 50 day moving average of $35.51 and a 200 day moving average of $39.60.

SM Energy (NYSE:SM) last announced its quarterly earnings data 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 company had revenue of $852.22 million for the quarter, compared to analysts’ expectations of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. Sell-side analysts forecast that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Friday, January 24th. SM Energy’s payout ratio is 11.98%.

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.