SM Energy (NYSE:SM) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC trimmed its position in SM Energy (NYSE:SM) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,150 shares of the energy company’s stock after selling 1,760 shares during the quarter. DGS Capital Management LLC’s holdings in SM Energy were worth $355,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SM. Harbor Capital Advisors Inc. purchased a new position in SM Energy during the third quarter worth about $30,000. Blue Trust Inc. boosted its position in shares of SM Energy by 3,434.5% during the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after purchasing an additional 996 shares during the period. Millburn Ridgefield Corp acquired a new stake in SM Energy in the 3rd quarter valued at approximately $55,000. International Assets Investment Management LLC raised its position in SM Energy by 3,897.2% in the third quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock valued at $58,000 after purchasing an additional 1,403 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in SM Energy during the third quarter worth $83,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

SM has been the subject of a number of research analyst reports. Mizuho lowered their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Susquehanna reduced their price objective on SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Truist Financial boosted their target price on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $50.00 price target on shares of SM Energy in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company lowered their price objective on SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.90.

SM Energy Stock Performance

Shares of SM opened at $40.13 on Friday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 5.61 and a beta of 4.14. SM Energy has a 52-week low of $34.90 and a 52-week high of $53.26. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average price of $41.57 and a 200 day moving average price of $42.67.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $643.67 million. During the same quarter in the prior year, the business posted $1.73 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts predict that SM Energy will post 6.76 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is currently 11.17%.

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.