Geode Capital Management LLC raised its stake in SM Energy (NYSE:SM - Free Report) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,693,372 shares of the energy company's stock after buying an additional 29,911 shares during the period. Geode Capital Management LLC owned approximately 2.35% of SM Energy worth $107,675,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in shares of SM Energy by 2,515.6% in the third quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company's stock worth $178,404,000 after buying an additional 4,292,793 shares during the period. Jupiter Asset Management Ltd. boosted its stake in SM Energy by 929.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,159,488 shares of the energy company's stock worth $50,125,000 after purchasing an additional 1,046,872 shares during the period. Assenagon Asset Management S.A. grew its position in SM Energy by 2,217.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 818,032 shares of the energy company's stock worth $32,697,000 after purchasing an additional 782,728 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in SM Energy by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company's stock valued at $274,161,000 after purchasing an additional 384,675 shares during the period. Finally, Townsquare Capital LLC lifted its holdings in shares of SM Energy by 267.4% in the third quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company's stock valued at $15,633,000 after purchasing an additional 284,665 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.
SM Energy stock opened at $37.15 on Thursday. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a 1-year low of $34.76 and a 1-year high of $53.26. The firm's fifty day simple moving average is $42.80 and its 200-day simple moving average is $43.78. The company has a market capitalization of $4.25 billion, a P/E ratio of 5.19 and a beta of 4.14.
SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, beating 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 return on equity of 19.62% and a net margin of 33.89%. The business's revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $1.73 earnings per share. Sell-side analysts forecast that SM Energy will post 6.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a $0.20 dividend. This is a positive change from SM Energy's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, October 25th. SM Energy's payout ratio is 11.17%.
A number of brokerages have recently weighed in on SM. Mizuho lowered their price target on SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Monday. BMO Capital Markets lowered their target price on SM Energy from $50.00 to $48.00 and set a "market perform" rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company reduced their price target on shares of SM Energy from $47.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday. Tudor, Pickering, Holt & Co. raised shares of SM Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $50.00 target price on shares of SM Energy in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.64.
Get Our Latest Research Report on SM
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.
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