SM Energy (NYSE:SM) Shares Sold by CX Institutional

CX Institutional trimmed its position in shares of SM Energy (NYSE:SM) by 13.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,645 shares of the energy company’s stock after selling 3,073 shares during the period. CX Institutional’s holdings in SM Energy were worth $800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SM. Sei Investments Co. increased its holdings in SM Energy by 209.9% in the second quarter. Sei Investments Co. now owns 305,496 shares of the energy company’s stock valued at $13,207,000 after buying an additional 206,905 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in shares of SM Energy by 19.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 53,581 shares of the energy company’s stock valued at $2,316,000 after purchasing an additional 8,545 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in SM Energy by 13.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,404 shares of the energy company’s stock worth $234,000 after purchasing an additional 653 shares during the period. Xponance Inc. boosted its position in SM Energy by 15.6% during the second quarter. Xponance Inc. now owns 8,193 shares of the energy company’s stock worth $354,000 after purchasing an additional 1,107 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in SM Energy by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 66,790 shares of the energy company’s stock valued at $2,887,000 after purchasing an additional 625 shares during the period. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Price Performance

SM stock opened at $40.13 on Friday. SM Energy has a 1 year low of $34.90 and a 1 year high of $53.26. The firm has a market capitalization 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. The business has a 50 day simple moving average of $41.57 and a 200-day simple moving average of $42.67.

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

SM Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SM shares. Truist Financial upped their target price on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Mizuho decreased their price objective on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. KeyCorp cut their target price 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 price target (up from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $50.00 price objective on shares of SM Energy in a report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.90.

SM Energy 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.