Hillsdale Investment Management Inc. Buys 400 Shares of SM Energy (NYSE:SM)

Hillsdale Investment Management Inc. raised its position in shares of SM Energy (NYSE:SM) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,800 shares of the energy company’s stock after acquiring an additional 400 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.09% of SM Energy worth $3,791,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of SM Energy by 30.4% in the third quarter. Victory Capital Management Inc. now owns 102,324 shares of the energy company’s stock worth $4,090,000 after buying an additional 23,831 shares during the period. Quest Partners LLC bought a new position in SM Energy in the 3rd quarter valued at $625,000. Pathstone Holdings LLC increased its stake in SM Energy by 8.8% in the third quarter. Pathstone Holdings LLC now owns 41,828 shares of the energy company’s stock worth $1,672,000 after purchasing an additional 3,395 shares during the period. Segall Bryant & Hamill LLC lifted its position in shares of SM Energy by 3.4% during the third quarter. Segall Bryant & Hamill LLC now owns 123,698 shares of the energy company’s stock worth $4,944,000 after purchasing an additional 4,108 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of SM Energy by 45.2% during the third quarter. King Luther Capital Management Corp now owns 7,704 shares of the energy company’s stock valued at $308,000 after purchasing an additional 2,400 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Raymond James reduced their price target on shares of SM Energy from $59.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Stephens reaffirmed an “overweight” rating and set a $57.00 target price on shares of SM Energy in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their price target on SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Truist Financial raised their price objective on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Mizuho lowered their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

SM Energy Stock Performance

SM stock opened at $30.68 on Friday. SM Energy has a one year low of $26.66 and a one year high of $53.26. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 4.59 and a beta of 4.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The firm has a 50-day simple moving average of $36.02 and a two-hundred day simple moving average of $39.75.

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

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 annualized dividend and a yield of 2.61%. SM Energy’s dividend payout ratio (DPR) is 11.98%.

Insider Activity at SM Energy

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $32.36 per share, with a total value of $226,520.00. Following the transaction, the director now owns 14,666 shares in the company, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.