Tributary Capital Management LLC Raises Holdings in SM Energy (NYSE:SM)

Tributary Capital Management LLC grew its stake in SM Energy (NYSE:SMFree Report) by 0.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 557,972 shares of the energy company’s stock after buying an additional 554 shares during the quarter. Tributary Capital Management LLC’s holdings in SM Energy were worth $21,627,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in SM. Exchange Traded Concepts LLC lifted its holdings in SM Energy by 5.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 24,834 shares of the energy company’s stock worth $963,000 after buying an additional 1,304 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in SM Energy by 1.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 84,538 shares of the energy company’s stock worth $3,277,000 after purchasing an additional 1,076 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in SM Energy by 3.3% during the fourth quarter. Diversify Advisory Services LLC now owns 349,268 shares of the energy company’s stock worth $13,538,000 after purchasing an additional 11,191 shares during the last quarter. Heritage Family Offices LLP boosted its holdings in SM Energy by 13.2% in the fourth quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company’s stock valued at $242,000 after purchasing an additional 726 shares in the last quarter. Finally, Radnor Capital Management LLC purchased a new position in SM Energy in the fourth quarter valued at approximately $1,051,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Stock Down 2.6 %

SM Energy stock opened at $40.13 on Friday. The stock’s 50 day moving average price is $41.57 and its 200 day moving average price is $42.68. SM Energy has a 1-year low of $34.90 and a 1-year high of $53.26. The company has a market cap of $4.59 billion, a PE ratio of 5.61 and a beta of 4.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52.

SM Energy (NYSE:SMGet Free Report) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.73 EPS. On average, sell-side analysts predict that SM Energy will post 6.76 EPS for the current fiscal year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a $0.20 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a yield of 1.99%. SM Energy’s dividend payout ratio (DPR) is presently 11.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Friday, October 4th. KeyCorp decreased their price objective on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Susquehanna cut their target price on SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company decreased their target price on SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Finally, TD Cowen raised SM Energy from a “hold” rating to a “buy” rating and cut their price target for the stock from $64.00 to $60.00 in a research report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.90.

Read Our Latest Stock Report on SM

About SM Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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