139,418 Shares in SM Energy (NYSE:SM) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of SM Energy (NYSE:SM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 139,418 shares of the energy company’s stock, valued at approximately $5,404,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millburn Ridgefield Corp bought a new stake in SM Energy during the 3rd quarter worth approximately $55,000. R Squared Ltd bought a new position in shares of SM Energy in the 4th quarter worth $61,000. Legacy Investment Solutions LLC bought a new position in shares of SM Energy in the 3rd quarter worth $83,000. Global Retirement Partners LLC increased its holdings in shares of SM Energy by 51.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company’s stock worth $84,000 after buying an additional 736 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of SM Energy by 16.7% in the 3rd quarter. KBC Group NV now owns 3,321 shares of the energy company’s stock worth $133,000 after buying an additional 476 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

Insider Buying and Selling at SM Energy

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

SM Energy Trading Up 2.6 %

Shares of SM opened at $29.84 on Thursday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 4.47 and a beta of 4.14. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $37.63 and a two-hundred day simple moving average of $40.51. SM Energy has a twelve month low of $26.66 and a twelve month high of $53.26.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing the consensus estimate 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, research analysts anticipate that SM Energy will post 8.1 EPS for the current year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were given 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 2.68%. SM Energy’s payout ratio is currently 11.98%.

Wall Street Analyst Weigh In

SM has been the topic of a number of research analyst reports. Stephens reissued an “overweight” rating and issued a $57.00 price target on shares of SM Energy in a report on Thursday, January 2nd. Williams Trading set a $41.00 price target on shares of SM Energy in a report on Wednesday, March 5th. StockNews.com lowered shares of SM Energy from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Mizuho decreased their price target 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. Finally, Wells Fargo & Company reduced their target price on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. 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 stock. Based on data from MarketBeat, SM Energy currently has an average rating of “Moderate Buy” and an average target price of $50.00.

SM Energy Company 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.