SM Energy (NYSE:SM) Holdings Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in SM Energy (NYSE:SM) by 60.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,908 shares of the energy company’s stock after selling 39,513 shares during the quarter. Los Angeles Capital Management LLC’s holdings in SM Energy were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SM. Pacer Advisors Inc. increased its holdings in shares of SM Energy by 2,515.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company’s stock valued at $178,404,000 after acquiring an additional 4,292,793 shares during the last quarter. Townsquare Capital LLC boosted its position in SM Energy by 267.4% during the 3rd quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company’s stock valued at $15,633,000 after purchasing an additional 284,665 shares during the period. Bridgewater Associates LP boosted its position in SM Energy by 136.5% during the 3rd quarter. Bridgewater Associates LP now owns 484,119 shares of the energy company’s stock valued at $19,350,000 after purchasing an additional 279,417 shares during the period. Algert Global LLC boosted its position in SM Energy by 1,375.8% during the 3rd quarter. Algert Global LLC now owns 172,000 shares of the energy company’s stock valued at $6,875,000 after purchasing an additional 160,345 shares during the period. Finally, State Street Corp boosted its position in SM Energy by 1.9% during the 3rd quarter. State Street Corp now owns 6,287,815 shares of the energy company’s stock valued at $251,324,000 after purchasing an additional 114,664 shares during the period. 94.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SM shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Truist Financial boosted their price objective on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Mizuho reduced their price target 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. Susquehanna reduced their price target on SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Stephens reiterated an “overweight” rating and set a $57.00 price target on shares of SM Energy in a research report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SM Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.90.

Insider Transactions at SM Energy

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were bought 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 of the company’s stock, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

SM Energy Trading Up 0.7 %

Shares of SM Energy stock opened at $32.74 on Friday. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 4.90 and a beta of 4.11. The business has a fifty day simple moving average of $39.16 and a 200-day simple moving average of $41.44. SM Energy has a fifty-two week low of $31.80 and a fifty-two week high of $53.26.

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 the consensus estimate of $2.00 by ($0.09). The firm had revenue of $852.22 million during the quarter, compared to analyst estimates of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. On average, equities analysts forecast that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

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 2.44%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is presently 11.98%.

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.