SM Energy (NYSE:SM) Stake Increased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of SM Energy (NYSE:SM) by 79.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,421 shares of the energy company’s stock after buying an additional 28,920 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of SM Energy worth $2,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its stake in SM Energy by 9.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,434 shares of the energy company’s stock valued at $470,000 after buying an additional 813 shares during the period. SG Americas Securities LLC acquired a new position in shares of SM Energy in the first quarter worth $710,000. Sei Investments Co. raised its holdings in shares of SM Energy by 74.6% during the first quarter. Sei Investments Co. now owns 98,591 shares of the energy company’s stock worth $4,915,000 after acquiring an additional 42,122 shares in the last quarter. Headlands Technologies LLC acquired a new stake in SM Energy during the first quarter valued at $57,000. Finally, ProShare Advisors LLC grew its stake in SM Energy by 5.4% in the first quarter. ProShare Advisors LLC now owns 23,365 shares of the energy company’s stock valued at $1,165,000 after purchasing an additional 1,202 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Price Performance

NYSE SM opened at $43.45 on Wednesday. The stock has a market capitalization of $4.97 billion, a PE ratio of 6.07 and a beta of 4.18. The stock has a 50-day simple moving average of $42.03 and a 200 day simple moving average of $44.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.29 and a current ratio of 3.52. SM Energy has a twelve month low of $34.13 and a twelve month high of $53.26.

SM Energy (NYSE:SM) last posted its quarterly earnings data 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. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The company had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $643.67 million. During the same period in the prior year, the business earned $1.73 earnings per share. SM Energy’s revenue for the quarter was up .4% compared to the same quarter last year. Research analysts anticipate that SM Energy will post 6.77 EPS for the current year.

SM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were issued a dividend of $0.20 per share. This is an increase from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.84%. SM Energy’s payout ratio is presently 11.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on SM Energy from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. StockNews.com cut shares of SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Truist Financial decreased their target price on shares of SM Energy from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Monday, September 30th. KeyCorp cut their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. 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. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, SM Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.73.

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.