SM Energy (NYSE:SM) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC grew its holdings in shares of SM Energy (NYSE:SM) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,828 shares of the energy company’s stock after purchasing an additional 3,395 shares during the period. Pathstone Holdings LLC’s holdings in SM Energy were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SM. Plato Investment Management Ltd grew its position in SM Energy by 461.9% during the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock valued at $26,000 after purchasing an additional 485 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of SM Energy during the 3rd quarter valued at $30,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of SM Energy by 63.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock valued at $38,000 after acquiring an additional 340 shares in the last quarter. Mather Group LLC. acquired a new position in shares of SM Energy in the second quarter worth $44,000. Finally, Blue Trust Inc. raised its holdings in shares of SM Energy by 3,434.5% during the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after acquiring an additional 996 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on SM. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Susquehanna lowered their target price on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Mizuho reduced their price target on SM Energy from $62.00 to $57.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company increased their price objective on SM Energy from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, Tudor Pickering upgraded SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.09.

SM Energy Price Performance

SM opened at $44.85 on Thursday. The company has a fifty day moving average price of $42.96 and a two-hundred day moving average price of $44.56. The firm has a market capitalization of $5.13 billion, a PE ratio of 6.27 and a beta of 4.18. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52.

SM Energy (NYSE:SM) last announced 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 return on equity of 19.62% and a net margin of 33.89%. The company had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $643.67 million. During the same period in the prior year, the business posted $1.73 EPS. SM Energy’s revenue was up .4% on a year-over-year basis. As a group, analysts anticipate that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 25th. This is a boost from SM Energy’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.78%. SM Energy’s payout ratio is 11.17%.

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.