Jackson Creek Investment Advisors LLC Makes New Investment in SM Energy (NYSE:SM)

Jackson Creek Investment Advisors LLC purchased a new position in SM Energy (NYSE:SM) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 20,797 shares of the energy company’s stock, valued at approximately $899,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Register Financial Advisors LLC acquired a new stake in SM Energy in the first quarter worth approximately $25,000. Hexagon Capital Partners LLC boosted its stake in SM Energy by 509.7% during the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after buying an additional 474 shares in the last quarter. Lindbrook Capital LLC boosted its stake in SM Energy by 54.9% during the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock valued at $29,000 after buying an additional 206 shares in the last quarter. Global Retirement Partners LLC grew its holdings in SM Energy by 665.6% during the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock worth $34,000 after acquiring an additional 599 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in SM Energy by 63.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock worth $38,000 after acquiring an additional 340 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SM shares. Tudor Pickering raised shares of SM Energy to a “strong-buy” rating in a research note on Wednesday, August 21st. StockNews.com raised SM Energy from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Stephens reiterated an “overweight” rating and set a $63.00 price objective on shares of SM Energy in a research report on Thursday, June 27th. Wells Fargo & Company cut their target price on SM Energy from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Finally, Truist Financial reduced their target price on SM Energy from $49.00 to $46.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.22.

SM Energy Stock Down 6.0 %

NYSE:SM opened at $42.90 on Wednesday. SM Energy has a 1-year low of $34.13 and a 1-year high of $53.26. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 6.72 and a beta of 4.20. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average price is $44.72 and its 200 day moving average price is $46.80.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, August 7th. The energy company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.28. SM Energy had a net margin of 33.18% and a return on equity of 21.01%. The business had revenue of $634.56 million during the quarter, compared to analyst estimates of $616.63 million. During the same period in the prior year, the firm earned $1.28 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts forecast that SM Energy will post 7.57 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, July 19th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, July 19th. SM Energy’s dividend payout ratio (DPR) is currently 11.29%.

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.