SM Energy (NYSE:SM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in SM Energy (NYSE:SM) by 9.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,209 shares of the energy company’s stock after selling 1,699 shares during the quarter. Mutual of America Capital Management LLC’s holdings in SM Energy were worth $688,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. increased its holdings in SM Energy by 929.6% in the second quarter. Jupiter Asset Management Ltd. now owns 1,159,488 shares of the energy company’s stock valued at $50,125,000 after buying an additional 1,046,872 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in SM Energy by 2,217.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 818,032 shares of the energy company’s stock valued at $32,697,000 after purchasing an additional 782,728 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in SM Energy by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock worth $274,161,000 after purchasing an additional 384,675 shares during the last quarter. SIR Capital Management L.P. boosted its position in SM Energy by 144.7% during the second quarter. SIR Capital Management L.P. now owns 457,854 shares of the energy company’s stock worth $19,793,000 after purchasing an additional 270,754 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in SM Energy by 391.2% in the second quarter. Diversify Advisory Services LLC now owns 310,558 shares of the energy company’s stock valued at $13,491,000 after purchasing an additional 247,331 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Tudor Pickering upgraded shares of SM Energy to a “strong-buy” rating in a research report on Wednesday, August 21st. Stephens lifted their price objective on SM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Tudor, Pickering, Holt & Co. raised SM Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $50.00 price target on shares of SM Energy in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price objective on SM Energy from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.09.

SM Energy Trading Down 1.1 %

Shares of NYSE:SM opened at $44.63 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The stock’s 50-day moving average is $42.88 and its 200-day moving average is $44.59. The company has a market cap of $5.11 billion, a P/E ratio of 6.23 and a beta of 4.18. SM Energy has a 52-week low of $34.13 and a 52-week high of $53.26.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $643.67 million. During the same quarter in the previous year, the firm posted $1.73 EPS. The business’s revenue was up .4% compared to the same quarter last year. Equities research analysts predict that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, October 25th. This is an increase from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s payout ratio is currently 11.17%.

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.