Gallacher Capital Management LLC Purchases 350 Shares of SM Energy (NYSE:SM)

Gallacher Capital Management LLC increased its stake in SM Energy (NYSE:SM) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,206 shares of the energy company’s stock after buying an additional 350 shares during the quarter. Gallacher Capital Management LLC’s holdings in SM Energy were worth $318,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Millburn Ridgefield Corp bought a new stake in SM Energy in the third quarter worth $55,000. R Squared Ltd bought a new stake in SM Energy in the fourth quarter worth $61,000. Legacy Investment Solutions LLC bought a new stake in shares of SM Energy during the third quarter worth $83,000. Global Retirement Partners LLC lifted its position in shares of SM Energy by 51.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company’s stock worth $84,000 after purchasing an additional 736 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of SM Energy by 16.7% during the third quarter. KBC Group NV now owns 3,321 shares of the energy company’s stock worth $133,000 after purchasing an additional 476 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors.

Insider Transactions at SM Energy

In other SM Energy news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the purchase, the director now owns 14,666 shares of the company’s stock, valued at approximately $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

SM has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their target price on SM Energy from $54.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday. Truist Financial lifted their target price on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Stephens reiterated an “overweight” rating and set a $57.00 target price on shares of SM Energy in a research report on Thursday, January 2nd. StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Raymond James decreased their target price on SM Energy from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.00.

SM Energy Price Performance

SM opened at $29.95 on Monday. The business’s 50-day moving average is $37.19 and its two-hundred day moving average is $40.23. SM Energy has a 1 year low of $26.66 and a 1 year high of $53.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. The firm has a market capitalization of $3.43 billion, a PE ratio of 4.48 and a beta of 4.14.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The company had revenue of $852.22 million during the quarter, compared to analysts’ expectations of $849.44 million. Research analysts anticipate that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 annualized dividend and a yield of 2.67%. SM Energy’s dividend payout ratio (DPR) is presently 11.98%.

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.