SM Energy (NYSE:SM) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in shares of SM Energy (NYSE:SM) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,794 shares of the energy company’s stock after selling 855 shares during the period. Hodges Capital Management Inc. owned approximately 0.12% of SM Energy worth $5,534,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in shares of SM Energy during the 3rd quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in SM Energy by 3,434.5% during the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after buying an additional 996 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in SM Energy in the third quarter worth approximately $55,000. International Assets Investment Management LLC increased its holdings in shares of 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 buying an additional 1,403 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of SM Energy during the 4th quarter valued at $61,000. 94.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SM shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $53.00 target price (up from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. Royal Bank of Canada restated a “sector perform” rating and set a $50.00 price objective on shares of SM Energy in a report on Tuesday, October 8th. Stephens reaffirmed an “overweight” rating and set a $57.00 price objective on shares of SM Energy in a research note on Thursday, January 2nd. Wells Fargo & Company dropped 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 research report on Tuesday, December 17th. Finally, Truist Financial upped their price target on shares of SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.90.

SM Energy Trading Down 4.2 %

Shares of NYSE:SM opened at $37.95 on Monday. SM Energy has a 12-month low of $34.90 and a 12-month 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 firm has a market capitalization of $4.34 billion, a P/E ratio of 5.30 and a beta of 4.11. The firm has a fifty day moving average of $41.02 and a two-hundred day moving average of $42.43.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The firm had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. During the same quarter in the previous year, the company posted $1.73 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that SM Energy will post 6.78 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.20 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.80 annualized dividend and a dividend yield of 2.11%. SM Energy’s payout ratio is 11.17%.

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.