Pekin Hardy Strauss Inc. Sells 6,225 Shares of SM Energy (NYSE:SM)

Pekin Hardy Strauss Inc. lowered its position in shares of SM Energy (NYSE:SM) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,525 shares of the energy company’s stock after selling 6,225 shares during the period. SM Energy accounts for approximately 0.8% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 27th biggest holding. Pekin Hardy Strauss Inc. owned approximately 0.15% of SM Energy worth $6,687,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of SM Energy by 47.3% during the third quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock worth $10,002,000 after purchasing an additional 80,343 shares during the period. National Bank of Canada FI bought a new position in shares of SM Energy during the third quarter worth approximately $259,000. Los Angeles Capital Management LLC increased its stake in SM Energy by 79.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock worth $2,615,000 after acquiring an additional 28,920 shares during the period. World Investment Advisors LLC bought a new position in SM Energy during the 3rd quarter worth $3,048,000. Finally, Janney Montgomery Scott LLC increased its stake in SM Energy by 144.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock worth $894,000 after acquiring an additional 13,215 shares during the period. Institutional investors own 94.56% of the company’s stock.

SM Energy Trading Down 7.4 %

Shares of SM opened at $34.37 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. SM Energy has a 52-week low of $34.06 and a 52-week high of $53.26. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 5.15 and a beta of 4.11. The business’s fifty day moving average is $39.64 and its 200-day moving average is $41.79.

SM Energy (NYSE:SM) last released its quarterly earnings data 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). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The firm had revenue of $852.22 million for the quarter, compared to analyst estimates of $849.44 million. Equities analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is 11.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SM shares. Mizuho lowered their price objective on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company lowered their price objective on SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research note 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 research note on Monday, January 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Finally, Stephens restated an “overweight” rating and set a $57.00 price objective on shares of SM Energy in a research note on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.90.

About SM Energy

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.